https://www.taxtmi.com/caselaws?id=252498 The Tribunal upheld penalties imposed under Section 112(a) of the Customs Act on the appellants for misdeclaration of goods imported in another entity's name. The appellants' challenge was dismissed as their admissions before the Settlement Commission acknowledging full duty liability and being the actual importers were deemed conclusive. Despite claiming lack of knowledge and the goods being unbranded, evidence showed their involvement in the misdeclaration. The Tribunal emphasized the weight of admissions before the Settlement Commission in establishing liability, leading to the dismissal of the appeals and affirmation of penalties. en-us Wed, 16 Jul 2014 00:00:00 +0530 Mon, 27 Oct 2014 10:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252498 The Tribunal upheld penalties imposed under Section 112(a) of the Customs Act on the appellants for misdeclaration of goods imported in another entity's name. The appellants' challenge was dismissed as their admissions before the Settlement Commission acknowledging full duty liability and being the actual importers were deemed conclusive. Despite claiming lack of knowledge and the goods being unbranded, evidence showed their involvement in the misdeclaration. The Tribunal emphasized the weight of admissions before the Settlement Commission in establishing liability, leading to the dismissal of the appeals and affirmation of penalties. Case-Laws Customs Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252498