https://www.taxtmi.com/caselaws?id=236993 The Tribunal confirmed duty demands against an importer for evading customs duty by declaring a lower Maximum Retail Price (MRP) to customs. Goods imported without MRP labels were confiscated, with penalties imposed under the Customs Act. The Tribunal required the importer to make additional pre-deposits for appeals and stay applications to safeguard revenue interests. Compliance with MRP regulations, consequences of duty evasion, and evidence-based evaluation for penalties were highlighted in the judgment, emphasizing the importance of revenue protection during appeal processes. en-us Tue, 05 Mar 2013 00:00:00 +0530 Sat, 14 Sep 2013 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236993 The Tribunal confirmed duty demands against an importer for evading customs duty by declaring a lower Maximum Retail Price (MRP) to customs. Goods imported without MRP labels were confiscated, with penalties imposed under the Customs Act. The Tribunal required the importer to make additional pre-deposits for appeals and stay applications to safeguard revenue interests. Compliance with MRP regulations, consequences of duty evasion, and evidence-based evaluation for penalties were highlighted in the judgment, emphasizing the importance of revenue protection during appeal processes. Case-Laws Customs Tue, 05 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236993