TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The CESTAT upheld the levy of penalty under section 112(a) of the Customs Act, 1962, against the appellant as the High Sea Seller for procuring a fabricated pre-shipment inspection certificate (PSIC) related to the import of metal scrap from Mauritius. The tribunal emphasized the gravity of issuing a defective certificate, given the potential presence of hazardous materials, which poses serious risks to public safety. The appellant's contention regarding valuation was rejected since valuation pertains to the importer's liability, and the importer's appeal on valuation had already been allowed by the Commissioner (Appeals). The penalty was reduced to Rs. 1 lakh, and the appeal was otherwise dismissed, affirming the imposition of penalty for the procedural violation involving the defective PSIC.
TaxTMI 
TaxTMI 
