https://www.taxtmi.com/article/detailed?id=10604 Misdeclaration of goods in import or export declarations - including incorrect description, origin, quantity, weight, value, year of manufacture, or ineligible notification claims - constitutes misdeclaration and attracts confiscation after show-cause and hearing procedures, potential release on payment of a redemption fine, reassessment under customs valuation rules for incorrect value, and penalties irrespective of mens rea, with general contravention provisions applying where no specific penalty is provided. en-us Sat, 13 Aug 2022 10:38:57 +0530 Sat, 13 Aug 2022 10:38:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10604 Misdeclaration of goods in import or export declarations - including incorrect description, origin, quantity, weight, value, year of manufacture, or ineligible notification claims - constitutes misdeclaration and attracts confiscation after show-cause and hearing procedures, potential release on payment of a redemption fine, reassessment under customs valuation rules for incorrect value, and penalties irrespective of mens rea, with general contravention provisions applying where no specific penalty is provided. Articles Customs - Import - Export - SEZ Sat, 13 Aug 2022 10:38:57 +0530 https://www.taxtmi.com/article/detailed?id=10604