https://www.taxtmi.com/caselaws?id=257620 The declared value of mis-declared export goods could not be reduced to the actual value of the goods found in the consignment, because treating the declared figure as the true value would validate an illegality; the valuation adopted for the attempted export was therefore upheld. However, the redemption fine and penalty were re-examined on the basis of the nature of the goods, expected profits, and the circumstances of the attempted export, and both were found excessive. The monetary sanctions were consequently reduced, while the finding of misdeclaration remained undisturbed. en-us Wed, 02 Apr 2014 00:00:00 +0530 Tue, 17 Mar 2015 19:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257620 The declared value of mis-declared export goods could not be reduced to the actual value of the goods found in the consignment, because treating the declared figure as the true value would validate an illegality; the valuation adopted for the attempted export was therefore upheld. However, the redemption fine and penalty were re-examined on the basis of the nature of the goods, expected profits, and the circumstances of the attempted export, and both were found excessive. The monetary sanctions were consequently reduced, while the finding of misdeclaration remained undisturbed. Case-Laws Customs Wed, 02 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257620