https://www.taxtmi.com/caselaws?id=795675 Deliberate undervaluation and misdeclaration of imported goods, established through reliable documentary and electronic records and corroborated by the managing partner's statement, render the goods liable to confiscation and support redemption fine and penalties. Subsequent payment and acceptance of differential duty after detection do not undo the completed contravention, although they may mitigate penalty quantum. A partnership firm and its managing partner may be separately penalised where the partner directly participated in the misdeclaration rather than being liable only vicariously. The notes state that redemption fine and penalties on both the importer and managing partner were sustainable, with no waiver or reduction warranted. en-us Tue, 21 Jul 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795675 Deliberate undervaluation and misdeclaration of imported goods, established through reliable documentary and electronic records and corroborated by the managing partner's statement, render the goods liable to confiscation and support redemption fine and penalties. Subsequent payment and acceptance of differential duty after detection do not undo the completed contravention, although they may mitigate penalty quantum. A partnership firm and its managing partner may be separately penalised where the partner directly participated in the misdeclaration rather than being liable only vicariously. The notes state that redemption fine and penalties on both the importer and managing partner were sustainable, with no waiver or reduction warranted. Case-Laws Customs Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795675