https://www.taxtmi.com/caselaws?id=94809 The penalties imposed on the appellants for manipulating the value in the Home Air Way Bill (HAWB) were upheld due to attempts to overvalue rough uncut diamonds for remitting excess foreign exchange. The real importer was identified as Shri M.C. Vakharia, leading to penalties on him. While penalties were initially imposed on the courier company and its manager for aiding in overvaluation, the appellate tribunal overturned the penalty on the courier agency, finding no evidence of wrongdoing. The manager's penalty was also set aside based on the lack of malafide intent or personal gain. en-us Thu, 02 Dec 1999 00:00:00 +0530 Mon, 05 Dec 2011 10:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94809 The penalties imposed on the appellants for manipulating the value in the Home Air Way Bill (HAWB) were upheld due to attempts to overvalue rough uncut diamonds for remitting excess foreign exchange. The real importer was identified as Shri M.C. Vakharia, leading to penalties on him. While penalties were initially imposed on the courier company and its manager for aiding in overvaluation, the appellate tribunal overturned the penalty on the courier agency, finding no evidence of wrongdoing. The manager's penalty was also set aside based on the lack of malafide intent or personal gain. Case-Laws Customs Thu, 02 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94809