https://www.taxtmi.com/caselaws?id=331045 A contemporaneous admission of unauthorized clearance of imported fabrics, corroborated by stock verification and surrounding evidence, was treated as reliable proof for sustaining customs duty demand and penalty. The Director's statements recorded that the fabrics were sold for cash without payment of duty and without accounting for the clearance in the books, and the later affidavit retracting that position was found unsupported by any corroborative material and filed belatedly. A plea of duress was also unsubstantiated. Since admitted facts do not require further proof, the challenge to the duty demand and penalty failed. en-us Mon, 01 Aug 2016 00:00:00 +0530 Wed, 10 Aug 2016 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331045 A contemporaneous admission of unauthorized clearance of imported fabrics, corroborated by stock verification and surrounding evidence, was treated as reliable proof for sustaining customs duty demand and penalty. The Director's statements recorded that the fabrics were sold for cash without payment of duty and without accounting for the clearance in the books, and the later affidavit retracting that position was found unsupported by any corroborative material and filed belatedly. A plea of duress was also unsubstantiated. Since admitted facts do not require further proof, the challenge to the duty demand and penalty failed. Case-Laws Customs Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331045