https://www.taxtmi.com/caselaws?id=381258 The appeal in this case involved proceedings against an importer for undervaluation of imported goods, resulting in the confirmation of differential duty, imposition of penalties under various sections of the Customs Act, confiscation of goods, and personal penalty for duty evasion. The Appellate Tribunal upheld the Adjudicating Authority's decision, confirming the duty demands and penalties under Section 112(b)(ii) while allowing for a reduced penalty of 25% if paid within 30 days. However, the penalties under Sections 114 and 114AA were overturned as they were deemed unjustified in light of the penalty under Section 112. en-us Wed, 22 May 2019 00:00:00 +0530 Fri, 13 Mar 2020 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381258 The appeal in this case involved proceedings against an importer for undervaluation of imported goods, resulting in the confirmation of differential duty, imposition of penalties under various sections of the Customs Act, confiscation of goods, and personal penalty for duty evasion. The Appellate Tribunal upheld the Adjudicating Authority's decision, confirming the duty demands and penalties under Section 112(b)(ii) while allowing for a reduced penalty of 25% if paid within 30 days. However, the penalties under Sections 114 and 114AA were overturned as they were deemed unjustified in light of the penalty under Section 112. Case-Laws Customs Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381258