https://www.taxtmi.com/caselaws?id=448385 Misdeclaration of imported goods in description, weight and value justified confiscation where examination showed the goods were old, unmutilated mixed hosiery clothing, not completely pre-mutilated rags as declared. The goods were treated as restricted imports under the foreign trade regime and could be imported only against a valid licence or authorisation. Because the importer filed the bill of entry on self-assessment basis, it was bound to make a truthful declaration of the contents and particulars of the consignment; the mismatch supported redetermination of value and attracted penal consequences. The redemption fine was also found proportionate to the assessable value, so the challenge to confiscation, redemption fine and penalty failed. en-us Mon, 15 Jan 2024 00:00:00 +0530 Wed, 17 Jan 2024 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448385 Misdeclaration of imported goods in description, weight and value justified confiscation where examination showed the goods were old, unmutilated mixed hosiery clothing, not completely pre-mutilated rags as declared. The goods were treated as restricted imports under the foreign trade regime and could be imported only against a valid licence or authorisation. Because the importer filed the bill of entry on self-assessment basis, it was bound to make a truthful declaration of the contents and particulars of the consignment; the mismatch supported redetermination of value and attracted penal consequences. The redemption fine was also found proportionate to the assessable value, so the challenge to confiscation, redemption fine and penalty failed. Case-Laws Customs Mon, 15 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448385