https://www.taxtmi.com/caselaws?id=784588 Misdeclaration of imported fabric warranted reclassification and reassessment because the goods declared in the bill of entry did not match the goods found on examination and CRCL testing, and the importer did not dispute the mismatch; reclassification and differential duty demand were sustained. Declared transaction value was rejectable under Rule 12 of the Customs Valuation Rules since the invoice related to different goods and no supporting evidence of value was produced; value was correctly redetermined sequentially using contemporaneous imports of similar goods under Rule 5, and the enhanced assessable value was upheld. As the goods were misdeclared, they were liable to confiscation under s.111(m); redemption fine of about 10% of value was held proportionate and maintained, and mandatory penalty under s.114A equal to duty evaded was affirmed, resulting in dismissal of the appeal. en-us Wed, 07 Jan 2026 00:00:00 +0530 Thu, 08 Jan 2026 08:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784588 Misdeclaration of imported fabric warranted reclassification and reassessment because the goods declared in the bill of entry did not match the goods found on examination and CRCL testing, and the importer did not dispute the mismatch; reclassification and differential duty demand were sustained. Declared transaction value was rejectable under Rule 12 of the Customs Valuation Rules since the invoice related to different goods and no supporting evidence of value was produced; value was correctly redetermined sequentially using contemporaneous imports of similar goods under Rule 5, and the enhanced assessable value was upheld. As the goods were misdeclared, they were liable to confiscation under s.111(m); redemption fine of about 10% of value was held proportionate and maintained, and mandatory penalty under s.114A equal to duty evaded was affirmed, resulting in dismissal of the appeal. Case-Laws Customs Wed, 07 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784588