https://www.taxtmi.com/caselaws?id=343439 The Tribunal upheld the penalty imposed on a clearing and forwarding agent under Section 112 of the Customs Act, 1962 for aiding in undervaluation of imported goods. Despite the appellant's argument that he was not directly involved in undervaluation, the Tribunal found that he knowingly participated in clearing goods under another license and aided in customs duty evasion. The penalty of &8377; 10 lakhs was upheld, dismissing the appeal for waiver, as the appellant was deemed to have actively contributed to the evasion scheme. en-us Mon, 17 Apr 2017 00:00:00 +0530 Thu, 25 May 2017 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343439 The Tribunal upheld the penalty imposed on a clearing and forwarding agent under Section 112 of the Customs Act, 1962 for aiding in undervaluation of imported goods. Despite the appellant's argument that he was not directly involved in undervaluation, the Tribunal found that he knowingly participated in clearing goods under another license and aided in customs duty evasion. The penalty of &8377; 10 lakhs was upheld, dismissing the appeal for waiver, as the appellant was deemed to have actively contributed to the evasion scheme. Case-Laws Customs Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343439