https://www.taxtmi.com/caselaws?id=54162 The Tribunal overturned the original order of absolute confiscation and penalty, ruling that the appellant did not misdeclare the goods. It set aside the confiscation and penalty, directing the release of the goods upon payment of the correct customs duty. The Tribunal remanded the case for accurate valuation under Customs Valuation Rules, allowing the appellant to clear the goods by paying the appropriate duty based on the declared value of HK $2500. en-us Fri, 29 Jul 2005 00:00:00 +0530 Tue, 30 Apr 2024 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54162 The Tribunal overturned the original order of absolute confiscation and penalty, ruling that the appellant did not misdeclare the goods. It set aside the confiscation and penalty, directing the release of the goods upon payment of the correct customs duty. The Tribunal remanded the case for accurate valuation under Customs Valuation Rules, allowing the appellant to clear the goods by paying the appropriate duty based on the declared value of HK $2500. Case-Laws Customs Fri, 29 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54162