https://www.taxtmi.com/caselaws?id=244423 The tribunal confirmed the rejection of declared values for imported goods by Euro Asia Global, leading to the determination of a differential duty. The judgment included directions for recovery of duty, interest, confiscation of goods, and fines under the Customs Act. Euro Asia Global was directed to make a pre-deposit of 25% of the duty demand, with failure resulting in appeal dismissal. The High Court declined to interfere but allowed a review based on financial hardship. The tribunal assessed the financial position of individuals involved and modified the pre-deposit order to allow for a bank guarantee or deposit of 25% of duty liability. en-us Tue, 03 Dec 2013 00:00:00 +0530 Fri, 14 Feb 2014 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244423 The tribunal confirmed the rejection of declared values for imported goods by Euro Asia Global, leading to the determination of a differential duty. The judgment included directions for recovery of duty, interest, confiscation of goods, and fines under the Customs Act. Euro Asia Global was directed to make a pre-deposit of 25% of the duty demand, with failure resulting in appeal dismissal. The High Court declined to interfere but allowed a review based on financial hardship. The tribunal assessed the financial position of individuals involved and modified the pre-deposit order to allow for a bank guarantee or deposit of 25% of duty liability. Case-Laws Customs Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244423