Misdeclaration of Import Goods Leads to Fines and Penalties for Non-Inclusion of Design Charges Under Valuation Rules.

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....Misdeclaration of value of imported goods - undervaluation - The non-inclusion of design charges is, admittedly, not in line with the valuation provisions. - The redemption fine imposed is 10% of the value of assessment and the penalty is 5% of such value - AT....