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2013 (9) TMI 29 - AT - CustomsUndervaluation of imported goods - import at very low price - Import of footwear, Socks, Watch Battery, Baby Optical Frame etc, - Confiscation u/s 111(d) and 111(m) – redemption fine u/s 125 – penalty u/s 112 – power to enhance the value in terms of the provision of Rule 9 of the Valuation Rules. - matching of the value in terms of Country of original, time of import, quality of goods and quantity of goods. Dissenting judgement – matter referred to larger bench.
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