https://www.taxtmi.com/caselaws?id=258534 In an interim stay application involving alleged undervaluation and misdeclaration in import transactions, the Tribunal noted prima facie material that the imports were routed through dummy firms controlled by the same person, allowing the corporate veil to be lifted for liability assessment. It also relied on contemporaneous evidence, including NIDB data and statements, to indicate misdeclaration of value and description. The plea that there was no material for undervaluation and that the demand was time barred was not accepted at this stage. Full waiver of pre-deposit was declined, but partial stay relief was granted subject to substantial deposit and compliance. en-us Wed, 12 Feb 2014 00:00:00 +0530 Mon, 13 Apr 2015 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258534 In an interim stay application involving alleged undervaluation and misdeclaration in import transactions, the Tribunal noted prima facie material that the imports were routed through dummy firms controlled by the same person, allowing the corporate veil to be lifted for liability assessment. It also relied on contemporaneous evidence, including NIDB data and statements, to indicate misdeclaration of value and description. The plea that there was no material for undervaluation and that the demand was time barred was not accepted at this stage. Full waiver of pre-deposit was declined, but partial stay relief was granted subject to substantial deposit and compliance. Case-Laws Customs Wed, 12 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258534