Overseas Supplier's Invoice Error Leads to Reduced Penalty and Fine of Rs. 10,000 Each for Mis-declaration.

Overseas Supplier's Invoice Error Leads to Reduced Penalty and Fine of Rs. 10,000 Each for Mis-declaration. https://www.taxtmi.com/highlights?id=34365 Imposition of redemption fine and penalty - the mis-declaration occurred because the overseas supplier did not include 5% agency commission in the invoice and instead noted the same on the packages only - the penalty and redemption fine reduced to ₹ 10,000/- each - AT en-us Mon, 17 Apr 2017 08:51:24 +0530 Mon, 17 Apr 2017 08:51:24 +0530 TaxTMI RSS Generator Overseas Supplier's Invoice Error Leads to Reduced Penalty and Fine of Rs. 10,000 Each for Mis-declaration. https://www.taxtmi.com/highlights?id=34365 Imposition of redemption fine and penalty - the mis-declaration occurred because the overseas supplier did not include 5% agency commission in the invoice and instead noted the same on the packages only - the penalty and redemption fine reduced to ₹ 10,000/- each - AT Highlights Customs Mon, 17 Apr 2017 08:51:24 +0530 https://www.taxtmi.com/highlights?id=34365