https://www.taxtmi.com/caselaws?id=263202 The Supreme Court allowed the appeal, quashing the Tribunal's order and restoring the Commissioner's decision. The Court upheld the reclassification, re-determination of value, confiscation, and penalties imposed under the Customs Act, 1962. It emphasized the presence of substantial evidence of misdeclaration and fraud, distinguishing the case from previous decisions and aligning it with a similar case involving fraud. en-us Fri, 07 Aug 2015 00:00:00 +0530 Wed, 07 Oct 2015 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263202 The Supreme Court allowed the appeal, quashing the Tribunal's order and restoring the Commissioner's decision. The Court upheld the reclassification, re-determination of value, confiscation, and penalties imposed under the Customs Act, 1962. It emphasized the presence of substantial evidence of misdeclaration and fraud, distinguishing the case from previous decisions and aligning it with a similar case involving fraud. Case-Laws Customs Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263202