Confiscation of Goods Unjustified: Drill Bits Were Only 5% of Consignment, No Intentional Misdeclaration u/s 112(m) Customs Act.

Confiscation of Goods Unjustified: Drill Bits Were Only 5% of Consignment, No Intentional Misdeclaration u/s 112(m) Customs Act. https://www.taxtmi.com/highlights?id=48062 Confiscation - the undeclared ‘drill bits’ constituted just a mere 5% of the total consignment, it would appear that there has been no deliberate attempt to mis-declare on the part of the importer - the confiscation of the goods under section 112(m) of Customs Act, 1962 and the imposition of redemption fine, along with penalties, does not appear to be sustainable in law. en-us Fri, 19 Jul 2019 08:18:24 +0530 Fri, 19 Jul 2019 08:18:24 +0530 TaxTMI RSS Generator Confiscation of Goods Unjustified: Drill Bits Were Only 5% of Consignment, No Intentional Misdeclaration u/s 112(m) Customs Act. https://www.taxtmi.com/highlights?id=48062 Confiscation - the undeclared ‘drill bits’ constituted just a mere 5% of the total consignment, it would appear that there has been no deliberate attempt to mis-declare on the part of the importer - the confiscation of the goods under section 112(m) of Customs Act, 1962 and the imposition of redemption fine, along with penalties, does not appear to be sustainable in law. Highlights Customs Fri, 19 Jul 2019 08:18:24 +0530 https://www.taxtmi.com/highlights?id=48062