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2016 (12) TMI 1030 - AT - CustomsMisdeclaration of value of imported goods - confiscation - Revision of Redemption Fine and Penalty - Held that: - the wrong declaration of value was on account of a mistake by the supplier sending in giving the wrong invoice. However, no mala fide intention can be attributed to the importer - the Bill of Entry was filed declaring the value as 35 Euro [Rs 2583/-However, the goods were found to be valued at Euro 1628. It is also a fact that but for the /customs opening the consignment, the mistake in declaration of value would have gone unnoticed - even though the goods are liable for confiscation under Section 111(m), there is no justification for imposing any redemption fine and penalty - appeal disposed off - decided partly in favor of appellant.
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