https://www.taxtmi.com/caselaws?id=109865 The Appellate Tribunal CESTAT, New Delhi, upheld the demand for a substantial differential duty against M/s. Genuine Spares India for submitting false invoices with lower values for imported consignments. The Tribunal directed the appellant to deposit the duty portion within six weeks, with a stay on the recovery of fines and penalties imposed. The decision was based on the reliance on diplomatic channel-obtained documents and disregarding the transaction value declared by the importer. The total duty demanded amounted to Rs. 5,60,655, with additional fines and penalties imposed on the company and its partners. Compliance reporting was scheduled for 11-7-2003. en-us Thu, 22 May 2003 00:00:00 +0530 Thu, 12 Apr 2012 14:10:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109865 The Appellate Tribunal CESTAT, New Delhi, upheld the demand for a substantial differential duty against M/s. Genuine Spares India for submitting false invoices with lower values for imported consignments. The Tribunal directed the appellant to deposit the duty portion within six weeks, with a stay on the recovery of fines and penalties imposed. The decision was based on the reliance on diplomatic channel-obtained documents and disregarding the transaction value declared by the importer. The total duty demanded amounted to Rs. 5,60,655, with additional fines and penalties imposed on the company and its partners. Compliance reporting was scheduled for 11-7-2003. Case-Laws Customs Thu, 22 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109865