https://www.taxtmi.com/caselaws?id=757880 Imported goods ordered to be re-exported under the Hazardous Waste (Management, Handling & Transboundary Movement) Rules, 2008 could not attract confiscation-linked redemption fine or penalty, because no clearance for home consumption was allowed and the re-export direction operated under the special regulatory regime. The Tribunal also held that misdeclaration and undervaluation were not a sustainable basis for confiscation under section 111(m) where the re-determined value carried no duty consequence after re-export, the earlier assessment had already involved substantial loading, and no collusion or conspiracy between supplier and importer was established. On that footing, the confiscation-based monetary consequences were set aside. en-us Mon, 26 Aug 2024 00:00:00 +0530 Tue, 03 Sep 2024 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757880 Imported goods ordered to be re-exported under the Hazardous Waste (Management, Handling & Transboundary Movement) Rules, 2008 could not attract confiscation-linked redemption fine or penalty, because no clearance for home consumption was allowed and the re-export direction operated under the special regulatory regime. The Tribunal also held that misdeclaration and undervaluation were not a sustainable basis for confiscation under section 111(m) where the re-determined value carried no duty consequence after re-export, the earlier assessment had already involved substantial loading, and no collusion or conspiracy between supplier and importer was established. On that footing, the confiscation-based monetary consequences were set aside. Case-Laws Customs Mon, 26 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757880