https://www.taxtmi.com/caselaws?id=354613 The case involved mis-declaration of imported goods as heavy melting scrap, which was found to be re-rollable scrap. The Customs authorities confiscated the goods under Section 111(m) of the Customs Act, 1962, imposed fines and penalties on the company and its Managing Director. The CESTAT upheld the Commissioner's findings on valuation, confiscation, and penalties, directing payment of differential duty and confirming the mis-declaration. The High Court affirmed the misdescription of goods and upheld the Tribunal's decision on confiscation, redemption, fines, and penalties, concluding that the misdeclaration was not in compliance with Customs regulations. en-us Wed, 20 Dec 2017 00:00:00 +0530 Thu, 13 Sep 2018 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354613 The case involved mis-declaration of imported goods as heavy melting scrap, which was found to be re-rollable scrap. The Customs authorities confiscated the goods under Section 111(m) of the Customs Act, 1962, imposed fines and penalties on the company and its Managing Director. The CESTAT upheld the Commissioner's findings on valuation, confiscation, and penalties, directing payment of differential duty and confirming the mis-declaration. The High Court affirmed the misdescription of goods and upheld the Tribunal's decision on confiscation, redemption, fines, and penalties, concluding that the misdeclaration was not in compliance with Customs regulations. Case-Laws Customs Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354613