https://www.taxtmi.com/caselaws?id=356585 The Court upheld the penalty imposed on the appellant for misdeclaration of value under the Customs Act, despite setting aside the duty demand and finding the extended period of limitation inapplicable. The appellant's argument of the misdeclaration being a mistake was rejected, and the penalty under Section 112 was deemed justified. The Court affirmed the Tribunal's decision to reduce the penalty amount, ultimately dismissing the appeal and upholding the penalty imposed on the appellant. en-us Mon, 12 Feb 2018 00:00:00 +0530 Mon, 10 Sep 2018 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356585 The Court upheld the penalty imposed on the appellant for misdeclaration of value under the Customs Act, despite setting aside the duty demand and finding the extended period of limitation inapplicable. The appellant's argument of the misdeclaration being a mistake was rejected, and the penalty under Section 112 was deemed justified. The Court affirmed the Tribunal's decision to reduce the penalty amount, ultimately dismissing the appeal and upholding the penalty imposed on the appellant. Case-Laws Customs Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356585