Misdeclared imported goods confirmed; confiscation liability established, but fine u/s 125 unjustified due to goods' unavailability.
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....Since misdeclaration of the value of the imported goods has been upheld, the goods are held liable for confiscation. - However, since the said goods are not available for confiscation, imposition of fine under Section 125 is not justified. - AT....




TaxTMI
TaxTMI