https://www.taxtmi.com/caselaws?id=167261 The appeals were allowed, setting aside penalties imposed on the parties for misdeclaration of quantity and value. Duty was ordered to be assessed based on the declared values in the invoices. The penalties under Section 112 were remitted, and refunds of excess duty collected were granted based on the declared values. Debit in the licenses should be based on the declared values in the invoices. en-us Mon, 25 Mar 1985 00:00:00 +0530 Sat, 13 Dec 2014 11:14:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167261 The appeals were allowed, setting aside penalties imposed on the parties for misdeclaration of quantity and value. Duty was ordered to be assessed based on the declared values in the invoices. The penalties under Section 112 were remitted, and refunds of excess duty collected were granted based on the declared values. Debit in the licenses should be based on the declared values in the invoices. Case-Laws Customs Mon, 25 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167261