Importer Penalized for Violating ITC(HS) Import Policy and Misdeclaring Goods Value; Confiscation Under Customs Act Sections 111 & 112(a.

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....Confiscation - import of restricted items - rejection of value - as the importer had tried to import the restricted goods in violation of the provisions of the ITC(HS) Import Policy and the value had not been correctly declared, the goods were liable to confiscation. - As the goods were held to be liable to confiscation under section 111 of the Customs Act, penalty under section 112(a) of the Customs Act has been correctly imposed. - AT....