Conditional redemption for re-export barred; customs value reassessment and penalties for import misdeclaration remain sustainable.

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....Admitted misdeclaration of imported used printers and accessories justified re-determination of customs value, which was sustained. Conditional redemption upon re-export is not permitted under the statutory scheme: where prohibited misdeclared goods cannot be cleared for home consumption and may only be re-exported, redemption fine is unjustified and was deleted. Misdeclaration of prohibited imported goods continues to attract penalty under Section 112(a)(i), although the penalty was reduced because redemption was unavailable. Section 114AA applies to business transactions involving false or incorrect information, rather than only fraudulent exports, and that penalty was sustained.....