https://www.taxtmi.com/caselaws?id=264757 Imported goods shown by cartons, stickers, product details, MRP markings, invoices and statements to be package commodities meant for market sale were treated as goods requiring retail sale price declaration, so retail sale price based assessment and confiscation for misdeclaration of MRP were upheld. Earlier clearances under bills of entry were also held liable to re-determination of MRP and the resulting duty and confiscation consequences, with the statutory levy applying notwithstanding objections based on timing or alleged lack of machinery provisions. Once duty demand was sustained on suppression and misdeclaration, penalty under Section 114A of the Customs Act, 1962 followed. en-us Fri, 11 Sep 2015 00:00:00 +0530 Tue, 07 Feb 2017 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264757 Imported goods shown by cartons, stickers, product details, MRP markings, invoices and statements to be package commodities meant for market sale were treated as goods requiring retail sale price declaration, so retail sale price based assessment and confiscation for misdeclaration of MRP were upheld. Earlier clearances under bills of entry were also held liable to re-determination of MRP and the resulting duty and confiscation consequences, with the statutory levy applying notwithstanding objections based on timing or alleged lack of machinery provisions. Once duty demand was sustained on suppression and misdeclaration, penalty under Section 114A of the Customs Act, 1962 followed. Case-Laws Customs Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264757