https://www.taxtmi.com/caselaws?id=84698 The case involved the determination of assessable value of imported goods, imposition of penalties for undervaluation, and invoking a longer period under Section 28 of the Customs Act, 1962. The Collector of Customs upheld the duty demand and penalties on the appellants for undervaluation based on incriminating documents and investigations. The penalty was sustained due to evidence of price manipulation to evade duty, with the appellant's pivotal role in pricing decisions highlighted. The longer period under Section 28 was invoked based on deliberate distortion of prices, leading to the rejection of the appeals. en-us Fri, 01 Dec 1995 00:00:00 +0530 Mon, 25 Jul 2011 11:01:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84698 The case involved the determination of assessable value of imported goods, imposition of penalties for undervaluation, and invoking a longer period under Section 28 of the Customs Act, 1962. The Collector of Customs upheld the duty demand and penalties on the appellants for undervaluation based on incriminating documents and investigations. The penalty was sustained due to evidence of price manipulation to evade duty, with the appellant's pivotal role in pricing decisions highlighted. The longer period under Section 28 was invoked based on deliberate distortion of prices, leading to the rejection of the appeals. Case-Laws Customs Fri, 01 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84698