Mis-declared Import Goods: Confiscation and Redemption Fine Overturned Due to Unavailability for Seizure or Bond Release.

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....Valuation of imported goods - mis-declaration of value of goods - Since the goods were not available for confiscation nor released provisionally after seizure to appellants against bond and bank guarantee, the order for confiscation of goods and imposition of redemption fine cannot be sustained.....