https://www.taxtmi.com/caselaws?id=189106 Confiscation was confined to the undeclared portion of the imported consignment because the misdeclaration related only to those goods, and redemption fine had to be computed on that value alone. Goods cleared long earlier and no longer available for confiscation could not attract confiscation or redemption fine under Section 125. Duty was not recoverable on confiscated but unredeemed goods, and consequential adjustment or refund was required. The penalty under Section 114A was reduced, the Section 112(a) penalty on the importers was sustained, and the penalty on the Managing Director was also reduced. en-us Tue, 09 Sep 2003 00:00:00 +0530 Wed, 28 Dec 2016 14:36:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189106 Confiscation was confined to the undeclared portion of the imported consignment because the misdeclaration related only to those goods, and redemption fine had to be computed on that value alone. Goods cleared long earlier and no longer available for confiscation could not attract confiscation or redemption fine under Section 125. Duty was not recoverable on confiscated but unredeemed goods, and consequential adjustment or refund was required. The penalty under Section 114A was reduced, the Section 112(a) penalty on the importers was sustained, and the penalty on the Managing Director was also reduced. Case-Laws Customs Tue, 09 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189106