Incomplete Description Not Misdeclaration; Confiscation & Penalty Set Aside: CESTAT

VGS Enterprises Vs Principal Commissioner of Customs (Imports) (CESTAT Delhi) The appeals were filed against an order of the Commissioner (Appeals) which had upheld an earlier order confirming allegations of mis-declaration, re-determination of value, confiscation of goods, and imposition of penalties under the Customs Act, 1962. The case arose from import of goods described in Bills of Entry and invoices as “painted steel sheets.” Upon investigation by the Directorate of Revenue Intelligence (DRI), the goods were found to be “painted galvanised steel sheets,” as they had a zinc coatin...