https://www.taxtmi.com/caselaws?id=172318 Material misdeclaration in imported goods, whether in assessable value or engine capacity, justifies confiscation and penalty under the Customs Act. On the valuation issue, the record supported rejection of the declared export price and reliance on the tourist price list, with discrepancies in accessories, pricing structure and refund amounts showing undervaluation; confiscation under Sections 111(m) and (d), with redemption fine and penalty, was sustained. On the remaining cars, technical reports and seized documents showed the declared 1595 CC engine capacity was in fact about 1781 CC or 1800 CC, and that misdescription independently supported confiscation and penalty despite ancillary disputes about CCPs. en-us Mon, 06 Jun 2005 00:00:00 +0530 Wed, 19 Aug 2015 12:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172318 Material misdeclaration in imported goods, whether in assessable value or engine capacity, justifies confiscation and penalty under the Customs Act. On the valuation issue, the record supported rejection of the declared export price and reliance on the tourist price list, with discrepancies in accessories, pricing structure and refund amounts showing undervaluation; confiscation under Sections 111(m) and (d), with redemption fine and penalty, was sustained. On the remaining cars, technical reports and seized documents showed the declared 1595 CC engine capacity was in fact about 1781 CC or 1800 CC, and that misdescription independently supported confiscation and penalty despite ancillary disputes about CCPs. Case-Laws Customs Mon, 06 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172318