https://www.taxtmi.com/caselaws?id=118790 The Appellate Tribunal CESTAT, Mumbai granted full waiver of the Rs. 1 lakh penalty imposed on the assessee under Section 114(i) of the Customs Act, 1962, due to higher valuation declaration for exported garments. The tribunal determined that fines and penalties were not justified as the goods were cleared on a provisional assessment order. en-us Fri, 19 Aug 2005 00:00:00 +0530 Thu, 05 Jul 2012 17:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118790 The Appellate Tribunal CESTAT, Mumbai granted full waiver of the Rs. 1 lakh penalty imposed on the assessee under Section 114(i) of the Customs Act, 1962, due to higher valuation declaration for exported garments. The tribunal determined that fines and penalties were not justified as the goods were cleared on a provisional assessment order. Case-Laws Customs Fri, 19 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118790