https://www.taxtmi.com/caselaws?id=236215 Imported copper clad laminates received under concessional-duty rules remained liable to duty on shortage because the importer failed to produce satisfactory proof that the short-found quantity was used in manufacture or otherwise properly accounted for. The associated penalty under Section 112(a) of the Customs Act was considered justified on responsibility findings, but the amount was reduced as commensurate with the facts. A demand based on alleged misdeclaration and rejection of the declared transaction value was not sustained because the department did not establish misdeclaration with reliable evidence and failed to justify departure from the declared value under the Customs Valuation Rules. en-us Wed, 20 Apr 2011 00:00:00 +0530 Mon, 19 Aug 2013 06:34:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236215 Imported copper clad laminates received under concessional-duty rules remained liable to duty on shortage because the importer failed to produce satisfactory proof that the short-found quantity was used in manufacture or otherwise properly accounted for. The associated penalty under Section 112(a) of the Customs Act was considered justified on responsibility findings, but the amount was reduced as commensurate with the facts. A demand based on alleged misdeclaration and rejection of the declared transaction value was not sustained because the department did not establish misdeclaration with reliable evidence and failed to justify departure from the declared value under the Customs Valuation Rules. Case-Laws Customs Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236215