https://www.taxtmi.com/caselaws?id=109196 The Tribunal directed Jogani Tyres to deposit the remaining duty while waiving penalties imposed for undervaluation of imported automobile parts. Despite challenges to the validity of invoices and statements, the Tribunal found evidence supporting undervaluation allegations. The application of Customs Valuation Rules was contested, but ultimately, penalties were waived, and their recovery stayed. The Tribunal deemed the substantial increase in penalties impermissible and directed compliance by a specified date. en-us Tue, 29 Oct 2002 00:00:00 +0530 Fri, 06 Apr 2012 14:38:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109196 The Tribunal directed Jogani Tyres to deposit the remaining duty while waiving penalties imposed for undervaluation of imported automobile parts. Despite challenges to the validity of invoices and statements, the Tribunal found evidence supporting undervaluation allegations. The application of Customs Valuation Rules was contested, but ultimately, penalties were waived, and their recovery stayed. The Tribunal deemed the substantial increase in penalties impermissible and directed compliance by a specified date. Case-Laws Customs Tue, 29 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109196