https://www.taxtmi.com/caselaws?id=268074 Misdeclaration of quantity, description and value justified rejection of the declared transaction value and sequential re-determination under the Customs Valuation Rules where examination showed undeclared and varied goods and the importer had admitted the discrepancies. On those facts, confiscation and penalty were sustained because they flowed from the established misdeclaration and enhanced valuation. The redemption fine was found excessive on the overall circumstances and was reduced, while the substantive findings on valuation, confiscation and penalty were left undisturbed. en-us Thu, 01 Oct 2015 00:00:00 +0530 Fri, 20 Nov 2015 06:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268074 Misdeclaration of quantity, description and value justified rejection of the declared transaction value and sequential re-determination under the Customs Valuation Rules where examination showed undeclared and varied goods and the importer had admitted the discrepancies. On those facts, confiscation and penalty were sustained because they flowed from the established misdeclaration and enhanced valuation. The redemption fine was found excessive on the overall circumstances and was reduced, while the substantive findings on valuation, confiscation and penalty were left undisturbed. Case-Laws Customs Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268074