https://www.taxtmi.com/caselaws?id=210864 The Appellate Tribunal upheld substantial demands and penalties against the appellants, private limited companies, and a director for undervaluation in fabric imports. Despite financial hardship claims, the Tribunal found evidence of undervaluation, discrepancies in invoiced values, and questionable practices. It acknowledged a partial deposit made by one appellant but directed specific deposit amounts for each appellant, waiving pre-deposit for the remaining duties and penalties subject to compliance within a specified timeline. Failure to comply would result in appeal dismissal without further notice, with a compliance reporting date set for 13-10-2008. en-us Mon, 13 Oct 2008 00:00:00 +0530 Thu, 23 Feb 2012 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210864 The Appellate Tribunal upheld substantial demands and penalties against the appellants, private limited companies, and a director for undervaluation in fabric imports. Despite financial hardship claims, the Tribunal found evidence of undervaluation, discrepancies in invoiced values, and questionable practices. It acknowledged a partial deposit made by one appellant but directed specific deposit amounts for each appellant, waiving pre-deposit for the remaining duties and penalties subject to compliance within a specified timeline. Failure to comply would result in appeal dismissal without further notice, with a compliance reporting date set for 13-10-2008. Case-Laws Customs Mon, 13 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210864