https://www.taxtmi.com/caselaws?id=326768 The Tribunal upheld the rejection of the declared transaction value, re-determined the value under Rule 8, demanded differential duty with interest, confiscated the imported goods, and imposed penalties on two firms and an individual for misdeclaration and undervaluation in a customs case involving broadcasting equipment imported for an exhibition. The decision emphasized the significance of accurate declaration and valuation in customs procedures and the repercussions of attempting to evade duty through misdeclaration and underpricing. en-us Thu, 10 Mar 2016 00:00:00 +0530 Thu, 16 Feb 2017 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326768 The Tribunal upheld the rejection of the declared transaction value, re-determined the value under Rule 8, demanded differential duty with interest, confiscated the imported goods, and imposed penalties on two firms and an individual for misdeclaration and undervaluation in a customs case involving broadcasting equipment imported for an exhibition. The decision emphasized the significance of accurate declaration and valuation in customs procedures and the repercussions of attempting to evade duty through misdeclaration and underpricing. Case-Laws Customs Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326768