https://www.taxtmi.com/caselaws?id=106528 The judgment confirmed the misdeclaration of goods by two trading companies, leading to penalties and differential duties imposed for under-valuation and misrepresentation. The Commissioner justified the confiscation of goods and imposition of penalties under Sections 112(a) and 114A of the Customs Act, with adjustments made based on immediate payment of the differential duty. The importance of accurate declaration of goods in customs matters was emphasized, and the appeals were disposed of accordingly, with penalties adjusted for voluntary deposit of differential duty. en-us Tue, 22 Oct 2002 00:00:00 +0530 Wed, 14 Mar 2012 16:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106528 The judgment confirmed the misdeclaration of goods by two trading companies, leading to penalties and differential duties imposed for under-valuation and misrepresentation. The Commissioner justified the confiscation of goods and imposition of penalties under Sections 112(a) and 114A of the Customs Act, with adjustments made based on immediate payment of the differential duty. The importance of accurate declaration of goods in customs matters was emphasized, and the appeals were disposed of accordingly, with penalties adjusted for voluntary deposit of differential duty. Case-Laws Customs Tue, 22 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106528