https://www.taxtmi.com/caselaws?id=258397 Intentional over-invoicing of export goods amounts to misdeclaration of export value and can render the goods liable to confiscation under the Customs Act, with consequential penalty where the statutory ingredients are met. The Court also distinguished between mere association with the exporter and actual participation in the over-invoicing scheme: penalties could not be sustained against respondents whose links were unsupported by evidence of involvement, but were upheld where a respondent had directly assisted in procuring a report used to obtain a fraudulent higher DEPB credit. The confiscation ruling was reversed, and the individual penalties were modified accordingly. en-us Fri, 27 Mar 2015 00:00:00 +0530 Thu, 30 Jul 2015 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258397 Intentional over-invoicing of export goods amounts to misdeclaration of export value and can render the goods liable to confiscation under the Customs Act, with consequential penalty where the statutory ingredients are met. The Court also distinguished between mere association with the exporter and actual participation in the over-invoicing scheme: penalties could not be sustained against respondents whose links were unsupported by evidence of involvement, but were upheld where a respondent had directly assisted in procuring a report used to obtain a fraudulent higher DEPB credit. The confiscation ruling was reversed, and the individual penalties were modified accordingly. Case-Laws Customs Fri, 27 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258397