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2017 (3) TMI 55 - AT - CustomsValuation - misdeclaration of value - quantity - appellant claim that neither there was any contemporaneous import nor any material on record to show that there was mis-declaration of the value - Held that: - When it was found that imported goods were undervalued in comparison to immediate past imports made by same appellant in two different names, its conscious knowledge to mis-declare value of import was established - The mis-declaration of value was willful in addition to mis-declaration of quantity - mis-declaration of quantity and value is established. Considering that the goods were not branded goods, it is considered proper that imposition of redemption fine of ₹ 2,00,000/- may not be unjustified - in cases of mis-declaration, confiscation being warranted, quantum of penalty justified. Appeal disposed off - decided partly in favor of appellant.
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