https://www.taxtmi.com/article/detailed?id=17073 Deliberate customs undervaluation may result in confiscation, redemption fine and personal penalty despite post-detection payment of differential duty and interest. Such payment may mitigate quantum but does not cure a false import declaration. Provisional assessment, final assessment and prior release of goods address duty determination and clearance, not the consequences of intentional misdeclaration. Undervaluation should be established through reliable corroborated material, including commercial documents, electronic records and inquiry statements. Personal penalty depends on evidence of an individual's active role in conduct rendering goods liable to confiscation, rather than position in an importing firm alone. en-us Fri, 31 Jul 2026 18:54:39 +0530 Fri, 31 Jul 2026 18:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=17073 Deliberate customs undervaluation may result in confiscation, redemption fine and personal penalty despite post-detection payment of differential duty and interest. Such payment may mitigate quantum but does not cure a false import declaration. Provisional assessment, final assessment and prior release of goods address duty determination and clearance, not the consequences of intentional misdeclaration. Undervaluation should be established through reliable corroborated material, including commercial documents, electronic records and inquiry statements. Personal penalty depends on evidence of an individual's active role in conduct rendering goods liable to confiscation, rather than position in an importing firm alone. Articles Customs - Import - Export - SEZ Fri, 31 Jul 2026 18:54:39 +0530 https://www.taxtmi.com/article/detailed?id=17073