https://www.taxtmi.com/caselaws?id=240688 The Tribunal upheld the Commissioner's decision to enhance the value of imported consignments, order confiscation of goods, impose a redemption fine and penalty. The appellant's request for a waiver of the differential duty was partially granted, requiring a deposit of Rs.18 lakhs within six weeks and maintenance of a bank guarantee for the remaining duty amount. The Tribunal granted a waiver of predeposit for the balance of dues and stayed the recovery pending appeal, emphasizing the importance of accurate declaration of values in imports and the consequences of discrepancies between declared and market values. en-us Wed, 22 Aug 2012 00:00:00 +0530 Tue, 10 Dec 2013 08:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240688 The Tribunal upheld the Commissioner's decision to enhance the value of imported consignments, order confiscation of goods, impose a redemption fine and penalty. The appellant's request for a waiver of the differential duty was partially granted, requiring a deposit of Rs.18 lakhs within six weeks and maintenance of a bank guarantee for the remaining duty amount. The Tribunal granted a waiver of predeposit for the balance of dues and stayed the recovery pending appeal, emphasizing the importance of accurate declaration of values in imports and the consequences of discrepancies between declared and market values. Case-Laws Customs Wed, 22 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240688