https://www.taxtmi.com/caselaws?id=333274 The appeal challenged a denovo order by the Commissioner in a customs case, where the importer's quoted value was rejected, assessable value fixed, goods confiscated, sale proceeds appropriated, and penalty imposed under Section 112(a) of the Customs Act 1962 due to suspicions of customs duty evasion. The case involved discrepancies between invoice price and manufacturer's price list, country of origin issues, and a remand order by CESTAT. The Tribunal upheld the confiscation but reduced the penalty from &8377; 2,00,000 to &8377; 25,000, dismissing the appeal with the modified penalty. en-us Wed, 05 Oct 2016 00:00:00 +0530 Sat, 08 Oct 2016 12:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333274 The appeal challenged a denovo order by the Commissioner in a customs case, where the importer's quoted value was rejected, assessable value fixed, goods confiscated, sale proceeds appropriated, and penalty imposed under Section 112(a) of the Customs Act 1962 due to suspicions of customs duty evasion. The case involved discrepancies between invoice price and manufacturer's price list, country of origin issues, and a remand order by CESTAT. The Tribunal upheld the confiscation but reduced the penalty from &8377; 2,00,000 to &8377; 25,000, dismissing the appeal with the modified penalty. Case-Laws Customs Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333274