https://www.taxtmi.com/caselaws?id=339265 Misdeclaration of import value justified confiscation where the declared transaction value was rejected, the assessable value was enhanced at the importer's request, and duty was paid on the accepted enhanced value. Confiscation was therefore maintained. However, full examination of the imported copper scrap revealed no incriminating goods; consequently, the redemption fine and personal penalty were considered excessive and reduced. The monetary consequences were thus scaled down while liability to confiscation for value misdeclaration remained intact. en-us Thu, 16 Feb 2017 00:00:00 +0530 Fri, 10 Mar 2017 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339265 Misdeclaration of import value justified confiscation where the declared transaction value was rejected, the assessable value was enhanced at the importer's request, and duty was paid on the accepted enhanced value. Confiscation was therefore maintained. However, full examination of the imported copper scrap revealed no incriminating goods; consequently, the redemption fine and personal penalty were considered excessive and reduced. The monetary consequences were thus scaled down while liability to confiscation for value misdeclaration remained intact. Case-Laws Customs Thu, 16 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339265