https://www.taxtmi.com/caselaws?id=123344 The penalty imposed on the Customs House Agent (CHA) under Sections 114 and 117 of the Customs Act for alleged misdeclaration of the value of goods for export was set aside. The Tribunal held that the CHA's role was limited to verifying declared values against invoices and not determining market value, thus they could not be penalized for misdeclaration. It was concluded that Section 114 could not be applied as the CHA did not abet the misdeclaration, and Section 117 could not be invoked alongside Section 114. Consequently, the penalty on the CHA was revoked, and their appeal was successful. en-us Wed, 13 Feb 2008 00:00:00 +0530 Thu, 13 Sep 2012 11:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123344 The penalty imposed on the Customs House Agent (CHA) under Sections 114 and 117 of the Customs Act for alleged misdeclaration of the value of goods for export was set aside. The Tribunal held that the CHA's role was limited to verifying declared values against invoices and not determining market value, thus they could not be penalized for misdeclaration. It was concluded that Section 114 could not be applied as the CHA did not abet the misdeclaration, and Section 117 could not be invoked alongside Section 114. Consequently, the penalty on the CHA was revoked, and their appeal was successful. Case-Laws Customs Wed, 13 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123344