https://www.taxtmi.com/caselaws?id=254469 The Tribunal upheld penalties against the appellants for misdeclaration of export value and confiscation of goods under the Customs Act. The declared FOB value was found to be significantly inflated, leading to penalties imposed on the appellants and their director. The Tribunal rejected the appeals, except for setting aside the penalty on the erstwhile Export Manager who was acting under the main appellant's direction. Stay petitions were dismissed. en-us Thu, 03 Apr 2014 00:00:00 +0530 Tue, 23 Dec 2014 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254469 The Tribunal upheld penalties against the appellants for misdeclaration of export value and confiscation of goods under the Customs Act. The declared FOB value was found to be significantly inflated, leading to penalties imposed on the appellants and their director. The Tribunal rejected the appeals, except for setting aside the penalty on the erstwhile Export Manager who was acting under the main appellant's direction. Stay petitions were dismissed. Case-Laws Customs Thu, 03 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254469