https://www.taxtmi.com/caselaws?id=104657 The Commissioner of Customs held the goods liable for confiscation and imposed a penalty on the proprietor of the exporting firm for alleged overvaluation of exported goods, leading to a provisional drawback claim. The denial of the opportunity for cross-examination was deemed a violation of natural justice, although the penalty under Section 114(iii) of the Customs Act, 1962, was reduced from Rs. 1 lakh to Rs. 50,000 by the Tribunal due to the lack of challenge from the appellants, ultimately rejecting the appeal on other grounds. en-us Mon, 26 Nov 2001 00:00:00 +0530 Wed, 29 Feb 2012 18:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104657 The Commissioner of Customs held the goods liable for confiscation and imposed a penalty on the proprietor of the exporting firm for alleged overvaluation of exported goods, leading to a provisional drawback claim. The denial of the opportunity for cross-examination was deemed a violation of natural justice, although the penalty under Section 114(iii) of the Customs Act, 1962, was reduced from Rs. 1 lakh to Rs. 50,000 by the Tribunal due to the lack of challenge from the appellants, ultimately rejecting the appeal on other grounds. Case-Laws Customs Mon, 26 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104657