https://www.taxtmi.com/caselaws?id=52956 Imported second-hand goods were revalued on the basis of contemporaneous imports, but the redemption fine and penalty were considered disproportionate to the likely duty benefit from undervaluation. Applying the proportionality principle, the monetary sanctions were reduced even after acceptance of the enhanced valuation. The matter reflects the approach that confiscation-related penalties should bear a reasonable relationship to the expected revenue advantage, and not be imposed at an excessive level where the valuation dispute has been addressed. en-us Fri, 23 Jul 2004 00:00:00 +0530 Fri, 08 Oct 2010 17:11:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52956 Imported second-hand goods were revalued on the basis of contemporaneous imports, but the redemption fine and penalty were considered disproportionate to the likely duty benefit from undervaluation. Applying the proportionality principle, the monetary sanctions were reduced even after acceptance of the enhanced valuation. The matter reflects the approach that confiscation-related penalties should bear a reasonable relationship to the expected revenue advantage, and not be imposed at an excessive level where the valuation dispute has been addressed. Case-Laws Customs Fri, 23 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52956