https://www.taxtmi.com/caselaws?id=364572 Mis-declaration of imported goods can arise where licence fee or royalty is omitted from the assessable value, and such omission may support confiscation under section 111(m) of the Customs Act and penalty under section 112(a), with valuation determined under rule 10(1)(c) of the Customs Valuation Rules, 2007. Where confiscation and penalty are otherwise justified, redemption fine and penalty should still be kept proportionate to the actual duty impact and surrounding circumstances, and excessive amounts may be reduced when the enhanced duty liability is limited. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 17 Jan 2019 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364572 Mis-declaration of imported goods can arise where licence fee or royalty is omitted from the assessable value, and such omission may support confiscation under section 111(m) of the Customs Act and penalty under section 112(a), with valuation determined under rule 10(1)(c) of the Customs Valuation Rules, 2007. Where confiscation and penalty are otherwise justified, redemption fine and penalty should still be kept proportionate to the actual duty impact and surrounding circumstances, and excessive amounts may be reduced when the enhanced duty liability is limited. Case-Laws Customs Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364572