https://www.taxtmi.com/caselaws?id=242905 The Commissioner confirmed duty and penalties against the importer and directors for mis-declaration and under-valuation of imported mobile phones. The Tribunal allowed the importer to maintain a bank guarantee instead of making additional deposits during the appeal process, despite allegations of fraud and mis-declaration. The judgment addressed issues of duty confirmation, penalties, duties refund, bank guarantees, and differing opinions on deposit requirements, ultimately favoring the importer by waiving the need for additional deposits, contingent on the bank guarantee's maintenance. en-us Tue, 10 Dec 2013 00:00:00 +0530 Sat, 30 May 2015 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242905 The Commissioner confirmed duty and penalties against the importer and directors for mis-declaration and under-valuation of imported mobile phones. The Tribunal allowed the importer to maintain a bank guarantee instead of making additional deposits during the appeal process, despite allegations of fraud and mis-declaration. The judgment addressed issues of duty confirmation, penalties, duties refund, bank guarantees, and differing opinions on deposit requirements, ultimately favoring the importer by waiving the need for additional deposits, contingent on the bank guarantee's maintenance. Case-Laws Customs Tue, 10 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242905