https://www.taxtmi.com/caselaws?id=237956 The appeal was filed against the imposition of a penalty for misdeclaration of value in an import of machinery. The appellant argued they had provided supporting documents showing a higher value, indicating no intent to misdeclare. The appellant sought a waiver of penalty based on precedents of penalty reductions for co-appellants. The judge, considering the pending High Court decision on a similar matter, granted a waiver from pre-deposit and stayed penalty recovery. The case will proceed further based on the High Court's ruling in the related case. en-us Fri, 02 Aug 2013 00:00:00 +0530 Sat, 12 Oct 2013 06:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237956 The appeal was filed against the imposition of a penalty for misdeclaration of value in an import of machinery. The appellant argued they had provided supporting documents showing a higher value, indicating no intent to misdeclare. The appellant sought a waiver of penalty based on precedents of penalty reductions for co-appellants. The judge, considering the pending High Court decision on a similar matter, granted a waiver from pre-deposit and stayed penalty recovery. The case will proceed further based on the High Court's ruling in the related case. Case-Laws Customs Fri, 02 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237956