Misdeclared imports confiscated. Declared value accepted. Excess goods' value upheld. Redemption fine & penalty reduced. https://www.taxtmi.com/highlights?id=79535 Misdeclaration regarding description and quantity of imported goods admitted. Declared goods liable for confiscation due to misdeclaration. Proper investigation not conducted to determine actual transaction value. No admissible evidence for contemporaneous imports. Declared value accepted for declared goods. Appellant failed to furnish evidence for value of excess 140 cartons. Assessable value of excess cartons upheld at Rs.3,56,510/-. Redemption fine reduced to Rs.35,000/- and penalty to Rs.20,000/-. Appeal partly allowed. en-us Fri, 19 Jul 2024 07:34:32 +0530 Fri, 19 Jul 2024 07:34:32 +0530 TaxTMI RSS Generator Misdeclared imports confiscated. Declared value accepted. Excess goods' value upheld. Redemption fine & penalty reduced. https://www.taxtmi.com/highlights?id=79535 Misdeclaration regarding description and quantity of imported goods admitted. Declared goods liable for confiscation due to misdeclaration. Proper investigation not conducted to determine actual transaction value. No admissible evidence for contemporaneous imports. Declared value accepted for declared goods. Appellant failed to furnish evidence for value of excess 140 cartons. Assessable value of excess cartons upheld at Rs.3,56,510/-. Redemption fine reduced to Rs.35,000/- and penalty to Rs.20,000/-. Appeal partly allowed. Highlights Customs Fri, 19 Jul 2024 07:34:32 +0530 https://www.taxtmi.com/highlights?id=79535