https://www.taxtmi.com/caselaws?id=343988 The Tribunal set aside penalties and confiscation of goods in an appeal involving alleged overvaluation of export goods, including manmade fibers and garments. The impugned order re-determined the value, restricted drawback, and imposed penalties and confiscation. The appellants disputed the reduction, arguing the foreign buyer had paid the declared amount. The Tribunal found discrepancies in evidence and lack of proof of over-invoicing, leading to the dismissal of penalties and confiscation. The appeal was disposed of on 16.05.2017 by Tribunal members Dr. Satish Chandra and Mr. V. Padmanabhan. en-us Tue, 16 May 2017 00:00:00 +0530 Tue, 06 Feb 2018 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343988 The Tribunal set aside penalties and confiscation of goods in an appeal involving alleged overvaluation of export goods, including manmade fibers and garments. The impugned order re-determined the value, restricted drawback, and imposed penalties and confiscation. The appellants disputed the reduction, arguing the foreign buyer had paid the declared amount. The Tribunal found discrepancies in evidence and lack of proof of over-invoicing, leading to the dismissal of penalties and confiscation. The appeal was disposed of on 16.05.2017 by Tribunal members Dr. Satish Chandra and Mr. V. Padmanabhan. Case-Laws Customs Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343988