https://www.taxtmi.com/caselaws?id=360122 Undeclared goods found in a consignment, including branded adult jackets and mismatched quantities against the Bill of Entry, justified confiscation for misdeclaration. The declared transaction value was also rejected because the importer produced no supporting valuation documents, and the enhanced assessable value was accepted by the importer's representative; the customs authorities therefore validly re-determined value under the Customs Valuation Rules. Although the substantive findings were sustained, the redemption fine and partner's penalty were reduced as excessive in the circumstances. en-us Tue, 08 May 2018 00:00:00 +0530 Thu, 17 Jan 2019 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360122 Undeclared goods found in a consignment, including branded adult jackets and mismatched quantities against the Bill of Entry, justified confiscation for misdeclaration. The declared transaction value was also rejected because the importer produced no supporting valuation documents, and the enhanced assessable value was accepted by the importer's representative; the customs authorities therefore validly re-determined value under the Customs Valuation Rules. Although the substantive findings were sustained, the redemption fine and partner's penalty were reduced as excessive in the circumstances. Case-Laws Customs Tue, 08 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360122