Undervaluation of MDF Boards Leads to Customs Duty Evasion; Confiscation Upheld u/s 14 of Customs Act, 1962.

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....Undervaluation of imported goods - MDF boards - large-scale evasion of customs duty - Section 14 of the Customs Act, 1962 - test report disclosed the samples which do not confirm to Grade I or Grade II - The goods are liable for confiscation and accordingly, the confiscation is upheld - Redemption allowed @10% of value plus penalty - AT....