https://www.taxtmi.com/caselaws?id=203405 The Tribunal upheld penalties imposed under Section 112 of the Customs Act for mis-declaration and undervaluation of imported goods but remanded the case for re-quantification of duty and penalties. Goods were confiscated under Sections 111(m) and 111(f) of the Customs Act for mis-declaration. The Tribunal found statements recorded under Section 108 valid, rejecting claims of coercion. Valuation methods were scrutinized, with the Tribunal preferring a lower price for the goods. The case was remanded for a fresh decision on duty and penalties, allowing parties further opportunity to present their case. en-us Wed, 22 Dec 2010 00:00:00 +0530 Fri, 22 May 2015 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203405 The Tribunal upheld penalties imposed under Section 112 of the Customs Act for mis-declaration and undervaluation of imported goods but remanded the case for re-quantification of duty and penalties. Goods were confiscated under Sections 111(m) and 111(f) of the Customs Act for mis-declaration. The Tribunal found statements recorded under Section 108 valid, rejecting claims of coercion. Valuation methods were scrutinized, with the Tribunal preferring a lower price for the goods. The case was remanded for a fresh decision on duty and penalties, allowing parties further opportunity to present their case. Case-Laws Customs Wed, 22 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203405