https://www.taxtmi.com/caselaws?id=367999 Imported goods described in commercial documents as unpolished marble slabs were found on examination to be polished marble slabs, establishing misdeclaration and sustaining confiscation under the Customs Act. Because the declared description was incorrect, the declared transaction value was held unreliable and could be rejected for redetermination of assessable value under the Customs Valuation Rules by reference to contemporaneous data. The record also showed that the importers had notice at the Bill of Entry stage, so no denial of reasonable opportunity was made out. On that basis, redemption fine and penalties were sustained, and no basis was found for directing criminal complaint action. en-us Tue, 25 Sep 2018 00:00:00 +0530 Mon, 15 Oct 2018 15:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367999 Imported goods described in commercial documents as unpolished marble slabs were found on examination to be polished marble slabs, establishing misdeclaration and sustaining confiscation under the Customs Act. Because the declared description was incorrect, the declared transaction value was held unreliable and could be rejected for redetermination of assessable value under the Customs Valuation Rules by reference to contemporaneous data. The record also showed that the importers had notice at the Bill of Entry stage, so no denial of reasonable opportunity was made out. On that basis, redemption fine and penalties were sustained, and no basis was found for directing criminal complaint action. Case-Laws Customs Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367999