https://www.taxtmi.com/caselaws?id=122594 The Tribunal upheld the Commissioner's order for the differential duty amount on seven mares due to misdeclaration by the appellant-firm, applying an extended limitation period. However, the demand was time-barred for four mares. The penalty imposed under the Customs Act was challenged, with arguments regarding the relevance of auction prices and other issues raised by the appellant. The Tribunal considered the valuation discrepancies, surgical history, and deformed foal issue, granting a partial waiver of pre-deposit upon specified conditions. The appeal was dismissed for non-compliance, and no pre-deposit order was made against the surviving partner of the importer firm. en-us Mon, 28 May 2007 00:00:00 +0530 Tue, 14 Aug 2012 17:45:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122594 The Tribunal upheld the Commissioner's order for the differential duty amount on seven mares due to misdeclaration by the appellant-firm, applying an extended limitation period. However, the demand was time-barred for four mares. The penalty imposed under the Customs Act was challenged, with arguments regarding the relevance of auction prices and other issues raised by the appellant. The Tribunal considered the valuation discrepancies, surgical history, and deformed foal issue, granting a partial waiver of pre-deposit upon specified conditions. The appeal was dismissed for non-compliance, and no pre-deposit order was made against the surviving partner of the importer firm. Case-Laws Customs Mon, 28 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122594