https://www.taxtmi.com/caselaws?id=368602 The Tribunal set aside the impugned order due to the lack of proper valuation determination, rendering the imposition of penalties under section 114 of the Customs Act unwarranted. Without a finding on assessable value, penalties for mis-declaration of value in the export of man-made fabrics could not be sustained. The appeals were allowed based on the absence of a valuation exercise and the insufficiency of evidence to support the penalties imposed on various individuals involved in the export. en-us Thu, 04 Oct 2018 00:00:00 +0530 Thu, 20 Jun 2019 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368602 The Tribunal set aside the impugned order due to the lack of proper valuation determination, rendering the imposition of penalties under section 114 of the Customs Act unwarranted. Without a finding on assessable value, penalties for mis-declaration of value in the export of man-made fabrics could not be sustained. The appeals were allowed based on the absence of a valuation exercise and the insufficiency of evidence to support the penalties imposed on various individuals involved in the export. Case-Laws Customs Thu, 04 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368602