https://www.taxtmi.com/caselaws?id=193406 Import restrictions, misdeclaration and under-valuation in customs valuation were examined where the importer brought artificial silk velvet instead of licensed cotton velvet and the goods were not cut to shape. The Customs authorities confiscated the unlicensed goods and imposed fines for misdeclaration, while also insisting that customs duty be paid before release. The court reasoned that liability to duty arises when goods cross the customs frontier and is not extinguished merely because confiscation is avoided by payment of a fine in lieu of confiscation. It further treated release on fine as restoring the goods to the importer, leaving the goods still liable to duty. The appeal was allowed and duty was held payable despite the fine. en-us Fri, 03 May 1963 00:00:00 +0530 Thu, 30 Nov 2017 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193406 Import restrictions, misdeclaration and under-valuation in customs valuation were examined where the importer brought artificial silk velvet instead of licensed cotton velvet and the goods were not cut to shape. The Customs authorities confiscated the unlicensed goods and imposed fines for misdeclaration, while also insisting that customs duty be paid before release. The court reasoned that liability to duty arises when goods cross the customs frontier and is not extinguished merely because confiscation is avoided by payment of a fine in lieu of confiscation. It further treated release on fine as restoring the goods to the importer, leaving the goods still liable to duty. The appeal was allowed and duty was held payable despite the fine. Case-Laws Indian Laws Fri, 03 May 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193406