https://www.taxtmi.com/caselaws?id=370158 The tribunal upheld the penalties imposed on M/s HLPL and its Director under Section 114AA of the Customs Act for deliberate overvaluation of imported goods. It was found that they failed to verify KYC norms adequately and the show cause notice issued under Section 110(2) was deemed valid under Section 124. The appellants' lack of verification of the importer's address and authenticity led to the rejection of their appeals. en-us Thu, 08 Nov 2018 00:00:00 +0530 Wed, 04 Mar 2020 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370158 The tribunal upheld the penalties imposed on M/s HLPL and its Director under Section 114AA of the Customs Act for deliberate overvaluation of imported goods. It was found that they failed to verify KYC norms adequately and the show cause notice issued under Section 110(2) was deemed valid under Section 124. The appellants' lack of verification of the importer's address and authenticity led to the rejection of their appeals. Case-Laws Customs Thu, 08 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370158