https://www.taxtmi.com/caselaws?id=114613 The Tribunal upheld the Commissioner's decision to deny duty drawback, confiscate goods, and impose penalties due to over-invoicing and misdeclaration of market value in shipping bills. The appellants' arguments regarding burden of proof, penalty sections, and market value disputes were dismissed. The Tribunal found no violation of natural justice principles, upheld the interpretation of market price under the Customs Act, and affirmed the correctness of the Commissioner's decision. The appeal was rejected, and the penalties imposed on the appellants were deemed justified. en-us Mon, 06 Sep 2004 00:00:00 +0530 Fri, 18 May 2012 14:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114613 The Tribunal upheld the Commissioner's decision to deny duty drawback, confiscate goods, and impose penalties due to over-invoicing and misdeclaration of market value in shipping bills. The appellants' arguments regarding burden of proof, penalty sections, and market value disputes were dismissed. The Tribunal found no violation of natural justice principles, upheld the interpretation of market price under the Customs Act, and affirmed the correctness of the Commissioner's decision. The appeal was rejected, and the penalties imposed on the appellants were deemed justified. Case-Laws Customs Mon, 06 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114613