https://www.taxtmi.com/caselaws?id=347841 Undervaluation of imported furnace oil under the Customs Valuation Rules, 1988 and Section 14 of the Customs Act did not justify penalty where duty and interest had already been paid before the show-cause notice and no material showed the appellant's participation in the alleged undervaluation. With no evidence of intent to evade duty, penal action under Sections 114A and 112(a) was not sustainable, and the redemption fine also could not be upheld against the appellant. en-us Fri, 08 Sep 2017 00:00:00 +0530 Tue, 12 Sep 2017 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347841 Undervaluation of imported furnace oil under the Customs Valuation Rules, 1988 and Section 14 of the Customs Act did not justify penalty where duty and interest had already been paid before the show-cause notice and no material showed the appellant's participation in the alleged undervaluation. With no evidence of intent to evade duty, penal action under Sections 114A and 112(a) was not sustainable, and the redemption fine also could not be upheld against the appellant. Case-Laws Customs Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347841