2003 (7) TMI 340 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Kolkata set aside the confiscation and penalty imposed on the appellant for receiving mobile phones as a gift from Singapore with incorrect declaration of value. The tribunal remanded the matter for adjudging the appellant's duty liability for clearance of the goods. The appellant is willing to pay duty on the value assessed by Customs authorities. The decision was based on the discrepancy between the declared contents and the actual goods received.