1998 (11) TMI 197 - AT - Customs

Summary

The appeal involved misdeclaration of goods' value under Customs Act, 1962. Goods' value enhanced from Rs. 66,233 to Rs. 6,64,530. Confiscation and redemption fine imposed. Personal penalty of Rs. 3 lacs for misdeclaration. Appellants imported glass chattons misdeclared as HK $ 4.00 per 10 gross, actual value HK $ 3.50 per gross. Evidence showed mistake by supplier, not considered by Commissioner. Order set aside, case remanded for fresh consideration.