https://www.taxtmi.com/caselaws?id=30516 The Tribunal upheld the mis-declaration of the value of imported goods, justifying the confiscation under Section 111(m) of the Customs Act. While acknowledging violations of Customs Act provisions and Customs Valuation Rules, the Tribunal reduced the penalty imposed on the appellant to Rs. 5,000, considering the excessive nature of the initial penalty. The appeal was disposed of, providing a balanced resolution to the legal issues involved. en-us Wed, 05 Mar 2008 00:00:00 +0530 Mon, 01 Sep 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30516 The Tribunal upheld the mis-declaration of the value of imported goods, justifying the confiscation under Section 111(m) of the Customs Act. While acknowledging violations of Customs Act provisions and Customs Valuation Rules, the Tribunal reduced the penalty imposed on the appellant to Rs. 5,000, considering the excessive nature of the initial penalty. The appeal was disposed of, providing a balanced resolution to the legal issues involved. Case-Laws Customs Wed, 05 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30516