https://www.taxtmi.com/caselaws?id=236560 The case involved allegations of mis-declaration and evasion of customs duty in the import of 22 machines, leading to concerns of undervaluation to evade duty. The importing company and its directors were accused of willful misstatement and undervaluation. The tribunal directed the appellant to make a pre-deposit of Rs. 5 lakhs for a stay application, emphasizing compliance with pre-deposit requirements to prevent dismissal of appeals and maintain procedural balance between parties. The tribunal refrained from expressing a final opinion on the valuation dispute at that stage. en-us Mon, 08 Apr 2013 00:00:00 +0530 Sat, 31 Aug 2013 10:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236560 The case involved allegations of mis-declaration and evasion of customs duty in the import of 22 machines, leading to concerns of undervaluation to evade duty. The importing company and its directors were accused of willful misstatement and undervaluation. The tribunal directed the appellant to make a pre-deposit of Rs. 5 lakhs for a stay application, emphasizing compliance with pre-deposit requirements to prevent dismissal of appeals and maintain procedural balance between parties. The tribunal refrained from expressing a final opinion on the valuation dispute at that stage. Case-Laws Customs Mon, 08 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236560