https://www.taxtmi.com/caselaws?id=445377 The Tribunal upheld rejection of the declared transaction value and confirmed undervaluation and mis-declaration of imported reflective sheets. Export Declarations obtained from Chinese authorities through official channels were treated as admissible and reliable evidence under section 139 of the Customs Act, the appellant having failed to rebut their presumption of correctness. The appellant's omission of additional rolls and non-declaration of the Sablite brand established mis-declaration in quantity, description and value. Confiscation of goods under section 111(m), redemption fine of Rs. 5,00,000/- under section 125, and penalty of Rs. 10,00,000/- under section 114AA were found justified. The appeal was dismissed and the Commissioner's order sustained. en-us Fri, 03 Nov 2023 00:00:00 +0530 Mon, 15 Dec 2025 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445377 The Tribunal upheld rejection of the declared transaction value and confirmed undervaluation and mis-declaration of imported reflective sheets. Export Declarations obtained from Chinese authorities through official channels were treated as admissible and reliable evidence under section 139 of the Customs Act, the appellant having failed to rebut their presumption of correctness. The appellant's omission of additional rolls and non-declaration of the Sablite brand established mis-declaration in quantity, description and value. Confiscation of goods under section 111(m), redemption fine of Rs. 5,00,000/- under section 125, and penalty of Rs. 10,00,000/- under section 114AA were found justified. The appeal was dismissed and the Commissioner's order sustained. Case-Laws Customs Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445377