https://www.taxtmi.com/caselaws?id=117573 The Tribunal upheld the differential duty of Rs. 4,94,020/- on imported goods due to mis-declaration of Maximum Retail Price (MRP), along with confiscation of goods and imposition of penalties under the Customs Act, 1962. The appellants' attempt to justify the enhanced MRP was rejected as tampering with MRP, even by related entities, constitutes a violation affecting duty calculation. The Tribunal modified the redemption fine and penalties, reducing them to Rs. 5 lakhs and Rs. 1 lakh respectively, emphasizing the importance of accurate MRP declaration to prevent duty evasion and the legal consequences of mis-declaration. en-us Mon, 17 Apr 2006 00:00:00 +0530 Mon, 25 Jun 2012 11:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117573 The Tribunal upheld the differential duty of Rs. 4,94,020/- on imported goods due to mis-declaration of Maximum Retail Price (MRP), along with confiscation of goods and imposition of penalties under the Customs Act, 1962. The appellants' attempt to justify the enhanced MRP was rejected as tampering with MRP, even by related entities, constitutes a violation affecting duty calculation. The Tribunal modified the redemption fine and penalties, reducing them to Rs. 5 lakhs and Rs. 1 lakh respectively, emphasizing the importance of accurate MRP declaration to prevent duty evasion and the legal consequences of mis-declaration. Case-Laws Customs Mon, 17 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117573