https://www.taxtmi.com/caselaws?id=356859 Where imported goods declared as heavy melting scrap are examined and found to be reusable TMT rods, the misdescription can justify sustaining the differential duty demand if the record does not dislodge that factual finding. On the penalty side, the article notes that redemption fine and penalty may still be moderated where the importer had ordered scrap and the original amounts appear excessive on the facts. Applying that approach, the misdeclaration finding and duty consequence were maintained, while the redemption fine and penalty were reduced. en-us Tue, 19 Dec 2017 00:00:00 +0530 Wed, 14 Mar 2018 06:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356859 Where imported goods declared as heavy melting scrap are examined and found to be reusable TMT rods, the misdescription can justify sustaining the differential duty demand if the record does not dislodge that factual finding. On the penalty side, the article notes that redemption fine and penalty may still be moderated where the importer had ordered scrap and the original amounts appear excessive on the facts. Applying that approach, the misdeclaration finding and duty consequence were maintained, while the redemption fine and penalty were reduced. Case-Laws Customs Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356859