https://www.taxtmi.com/caselaws?id=351069 The High Court upheld the Tribunal's decision, confirming the penalty imposed on the Appellant for undervaluation under Section 112(a) of the Customs Act, 1962. The Court rejected the Appellant's arguments regarding their limited role as an agent and upheld the findings that the Appellant was a key figure and mastermind behind the undervaluation scheme. The Court also affirmed the charge of "abetment" against the Appellant, emphasizing their active involvement in the undervaluation process despite the lack of concrete evidence challenging this assertion. en-us Mon, 12 Jun 2017 00:00:00 +0530 Fri, 17 Nov 2017 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351069 The High Court upheld the Tribunal's decision, confirming the penalty imposed on the Appellant for undervaluation under Section 112(a) of the Customs Act, 1962. The Court rejected the Appellant's arguments regarding their limited role as an agent and upheld the findings that the Appellant was a key figure and mastermind behind the undervaluation scheme. The Court also affirmed the charge of "abetment" against the Appellant, emphasizing their active involvement in the undervaluation process despite the lack of concrete evidence challenging this assertion. Case-Laws Customs Mon, 12 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351069