https://www.taxtmi.com/caselaws?id=166709 The Tribunal upheld the Collector's order with modifications, reducing the loading of invoices to 50% of the f.o.b. value and the penalty amount to Rs. 1 lakh. The charge of mis-declaration under Section 111(m) was upheld due to the appellants' failure to make true declarations. Additionally, the Tribunal found a special relationship between the appellants and OAK, leading to the application of Section 14(1)(b) for assessing invoice prices. The invocation of the proviso to Section 28 was deemed justified based on incomplete declarations. The appeal was disposed of accordingly. en-us Tue, 30 Aug 1983 00:00:00 +0530 Fri, 31 Oct 2014 18:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166709 The Tribunal upheld the Collector's order with modifications, reducing the loading of invoices to 50% of the f.o.b. value and the penalty amount to Rs. 1 lakh. The charge of mis-declaration under Section 111(m) was upheld due to the appellants' failure to make true declarations. Additionally, the Tribunal found a special relationship between the appellants and OAK, leading to the application of Section 14(1)(b) for assessing invoice prices. The invocation of the proviso to Section 28 was deemed justified based on incomplete declarations. The appeal was disposed of accordingly. Case-Laws Customs Tue, 30 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166709