https://www.taxtmi.com/caselaws?id=373958 The Tribunal upheld the Commissioner of Customs' decision in a case involving misdeclaration of goods, confiscation of goods under the Customs Act, imposition of penalties, and valuation of goods. The appellants' explanations were deemed lacking credibility, leading to the dismissal of their appeals. Confiscation of goods and penalties totaling Rs. 7,50,000 each on the appellant company and its Director were upheld due to deliberate misdeclaration and misleading actions. The re-determined value of the goods was confirmed at Rs. 1,07,42,643. en-us Thu, 17 Jan 2019 00:00:00 +0530 Fri, 21 Feb 2020 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373958 The Tribunal upheld the Commissioner of Customs' decision in a case involving misdeclaration of goods, confiscation of goods under the Customs Act, imposition of penalties, and valuation of goods. The appellants' explanations were deemed lacking credibility, leading to the dismissal of their appeals. Confiscation of goods and penalties totaling Rs. 7,50,000 each on the appellant company and its Director were upheld due to deliberate misdeclaration and misleading actions. The re-determined value of the goods was confirmed at Rs. 1,07,42,643. Case-Laws Customs Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373958