Imported Goods Valuation Without Approval Not an Offense; No Confiscation or Penalty Under Customs Act Section 111.

Imported Goods Valuation Without Approval Not an Offense; No Confiscation or Penalty Under Customs Act Section 111. https://www.taxtmi.com/highlights?id=44765 Valuation of imported goods - With the lack of approbation for enhancement of value, there is no offence that renders the goods liable to confiscation u/s 111 of Customs Act, 1962 - No penalty. en-us Wed, 27 Feb 2019 11:30:11 +0530 Wed, 27 Feb 2019 11:30:11 +0530 TaxTMI RSS Generator Imported Goods Valuation Without Approval Not an Offense; No Confiscation or Penalty Under Customs Act Section 111. https://www.taxtmi.com/highlights?id=44765 Valuation of imported goods - With the lack of approbation for enhancement of value, there is no offence that renders the goods liable to confiscation u/s 111 of Customs Act, 1962 - No penalty. Highlights Customs Wed, 27 Feb 2019 11:30:11 +0530 https://www.taxtmi.com/highlights?id=44765