https://www.taxtmi.com/caselaws?id=795675 Deliberate undervaluation and misdeclaration of imported goods, established through reliable documentary and electronic records corroborated by the managing partner's statement, rendered the goods liable to confiscation and supported redemption fine and penalties. Payment and acceptance of differential duty after detection did not undo the completed contravention, though it could mitigate the quantum of penalty. Separate penalties may apply to both a partnership firm and its managing partner where the partner directly participated in the misdeclaration rather than being liable solely by reason of partnership status. Redemption fine and penalties on the importer and managing partner were considered sustainable, without waiver or reduction. 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 corroborated by the managing partner's statement, rendered the goods liable to confiscation and supported redemption fine and penalties. Payment and acceptance of differential duty after detection did not undo the completed contravention, though it could mitigate the quantum of penalty. Separate penalties may apply to both a partnership firm and its managing partner where the partner directly participated in the misdeclaration rather than being liable solely by reason of partnership status. Redemption fine and penalties on the importer and managing partner were considered sustainable, without waiver or reduction. Case-Laws Customs Tue, 21 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795675