https://www.taxtmi.com/caselaws?id=385068 The Tribunal upheld the confiscation of goods due to misdeclaration but criticized the arbitrary valuation method used. The appellant's defense was deemed unconvincing, leading to penalties based on revised values being reduced to align with applicable duties on misdeclared goods. The Tribunal emphasized that mens rea was not necessary for confiscation or penalties under the Customs Act, 1962, and directed the Commissioner to issue a new order adhering to proper valuation rules and penalty considerations within 12 weeks. en-us Mon, 26 Aug 2019 00:00:00 +0530 Thu, 05 Nov 2020 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385068 The Tribunal upheld the confiscation of goods due to misdeclaration but criticized the arbitrary valuation method used. The appellant's defense was deemed unconvincing, leading to penalties based on revised values being reduced to align with applicable duties on misdeclared goods. The Tribunal emphasized that mens rea was not necessary for confiscation or penalties under the Customs Act, 1962, and directed the Commissioner to issue a new order adhering to proper valuation rules and penalty considerations within 12 weeks. Case-Laws Customs Mon, 26 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385068