https://www.taxtmi.com/caselaws?id=2961 The Tribunal upheld a reduced penalty of Rs. 75 lakhs on the importer, M/s. Vaibhav Laxmi Impex Pvt. Ltd., for deliberate mis-declaration of goods. The penalty on M/s. Vishal Impex, the High Sea purchaser, was set aside as they were unaware of the mis-declaration facilitated by a middleman. The penalty on the customs house agent, M/s. Prime Forwarders, was also set aside due to lack of evidence of involvement. The Tribunal affirmed the importer's penalty but cleared the other parties based on insufficient evidence of their complicity in the mis-declaration. en-us Mon, 05 Nov 2007 00:00:00 +0530 Wed, 16 Apr 2008 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2961 The Tribunal upheld a reduced penalty of Rs. 75 lakhs on the importer, M/s. Vaibhav Laxmi Impex Pvt. Ltd., for deliberate mis-declaration of goods. The penalty on M/s. Vishal Impex, the High Sea purchaser, was set aside as they were unaware of the mis-declaration facilitated by a middleman. The penalty on the customs house agent, M/s. Prime Forwarders, was also set aside due to lack of evidence of involvement. The Tribunal affirmed the importer's penalty but cleared the other parties based on insufficient evidence of their complicity in the mis-declaration. Case-Laws Customs Mon, 05 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2961