https://www.taxtmi.com/caselaws?id=125843 The tribunal found in favor of the Revenue, determining that the appellants misdeclared Opalware as ordinary glassware, supported by chemical examination reports and admissions. Undervaluation was established through discrepancies in packaging descriptions and company officials' admissions. A penalty was imposed on the company and its Managing Director. The tribunal allowed the Revenue to encash the bank guarantee for redemption fine and recover specified amounts, waiving the pre-deposit requirement for the remaining balance during the appeal process. en-us Fri, 30 Jan 2009 00:00:00 +0530 Tue, 30 Oct 2012 17:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125843 The tribunal found in favor of the Revenue, determining that the appellants misdeclared Opalware as ordinary glassware, supported by chemical examination reports and admissions. Undervaluation was established through discrepancies in packaging descriptions and company officials' admissions. A penalty was imposed on the company and its Managing Director. The tribunal allowed the Revenue to encash the bank guarantee for redemption fine and recover specified amounts, waiving the pre-deposit requirement for the remaining balance during the appeal process. Case-Laws Customs Fri, 30 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125843