https://www.taxtmi.com/caselaws?id=80186 The Tribunal upheld the Customs authorities' findings that the imported Gum Rosin was misclassified and undervalued. The appellants' fines and penalties for under-valuation and mis-declaration were initially deemed excessive but were reduced upon review. The fines and penalties imposed on the appellants were adjusted to lower amounts by the Tribunal, with directions given to the Revenue Authorities to implement the modifications while rejecting the appeals in all other aspects. en-us Mon, 23 Oct 1989 00:00:00 +0530 Wed, 15 Jun 2011 12:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80186 The Tribunal upheld the Customs authorities' findings that the imported Gum Rosin was misclassified and undervalued. The appellants' fines and penalties for under-valuation and mis-declaration were initially deemed excessive but were reduced upon review. The fines and penalties imposed on the appellants were adjusted to lower amounts by the Tribunal, with directions given to the Revenue Authorities to implement the modifications while rejecting the appeals in all other aspects. Case-Laws Customs Mon, 23 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80186