https://www.taxtmi.com/caselaws?id=796296 Redemption fine and penalty for alleged import misdeclaration require proof that the importer misdeclared quantity or value and, for redemption fine, determination of market price and margin of profit. Supplier documents supported the declared quantity, with no evidence that the importer ordered excess goods or suppressed quantity. The value enhancement relied on assessment practice rather than specific contemporaneous import data or an identified valuation rule. As misdeclaration under the Customs Act was not established and the required basis for redemption fine was absent, the fine and penalty were unsustainable. en-us Fri, 31 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796296 Redemption fine and penalty for alleged import misdeclaration require proof that the importer misdeclared quantity or value and, for redemption fine, determination of market price and margin of profit. Supplier documents supported the declared quantity, with no evidence that the importer ordered excess goods or suppressed quantity. The value enhancement relied on assessment practice rather than specific contemporaneous import data or an identified valuation rule. As misdeclaration under the Customs Act was not established and the required basis for redemption fine was absent, the fine and penalty were unsustainable. Case-Laws Customs Fri, 31 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796296