https://www.taxtmi.com/caselaws?id=1875 The Tribunal accepted the declared value of imported goods but found them liable for confiscation under Section 111(d) of the Customs Act due to discrepancies. The Tribunal reduced the redemption fine significantly and clarified that only 45% of the consignment was subject to confiscation. The appellants argued against the application of Public Notice No. 146/88, claiming it had been invalidated, but the Tribunal upheld the confiscation due to non-compliance with mutilation norms. The Tribunal also reduced the redemption fine and penalty imposed, providing clarity on liability for confiscation under the Customs Act. en-us Wed, 30 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1875 The Tribunal accepted the declared value of imported goods but found them liable for confiscation under Section 111(d) of the Customs Act due to discrepancies. The Tribunal reduced the redemption fine significantly and clarified that only 45% of the consignment was subject to confiscation. The appellants argued against the application of Public Notice No. 146/88, claiming it had been invalidated, but the Tribunal upheld the confiscation due to non-compliance with mutilation norms. The Tribunal also reduced the redemption fine and penalty imposed, providing clarity on liability for confiscation under the Customs Act. Case-Laws Customs Wed, 30 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1875