https://www.taxtmi.com/caselaws?id=336512 The Tribunal dismissed the appeals, except for one that stood abated, upholding the enhancement of value, confirmation of differential duty, and imposition of penalties for mis-declaration and under-invoicing of imported goods. The Tribunal found the evidence from quotations and market prices consistent, allowing the reopening of assessments based on new evidence. Penalties under relevant sections of the Customs Act were upheld, emphasizing that the availability of goods is not a prerequisite for imposing penalties. en-us Wed, 16 Nov 2016 00:00:00 +0530 Mon, 02 Jul 2018 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336512 The Tribunal dismissed the appeals, except for one that stood abated, upholding the enhancement of value, confirmation of differential duty, and imposition of penalties for mis-declaration and under-invoicing of imported goods. The Tribunal found the evidence from quotations and market prices consistent, allowing the reopening of assessments based on new evidence. Penalties under relevant sections of the Customs Act were upheld, emphasizing that the availability of goods is not a prerequisite for imposing penalties. Case-Laws Customs Wed, 16 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336512