https://www.taxtmi.com/caselaws?id=788180 Confiscation under the Customs Act is sustainable only where a material misdeclaration affects classification, assessment or causes loss of revenue; where the declared transaction value is accepted and no revenue impact or differential duty demand is shown, confiscation under the material-misdeclaration head cannot be sustained. Consequential measures-redemption fine and penalties-are dependent on valid confiscation and therefore fall away if the foundational requirement of a revenue-affecting misdeclaration is not established. The practical effect is that acceptance of transaction value precludes confiscation and its attendant fiscal sanctions. en-us Tue, 17 Mar 2026 00:00:00 +0530 Wed, 18 Mar 2026 08:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788180 Confiscation under the Customs Act is sustainable only where a material misdeclaration affects classification, assessment or causes loss of revenue; where the declared transaction value is accepted and no revenue impact or differential duty demand is shown, confiscation under the material-misdeclaration head cannot be sustained. Consequential measures-redemption fine and penalties-are dependent on valid confiscation and therefore fall away if the foundational requirement of a revenue-affecting misdeclaration is not established. The practical effect is that acceptance of transaction value precludes confiscation and its attendant fiscal sanctions. Case-Laws Customs Tue, 17 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788180