https://www.taxtmi.com/caselaws?id=382087 The Tribunal held that Section 111(m) of the Customs Act, 1962 does not cover over-invoicing cases, applies only to goods related to duty or prohibitions, and does not extend to goods cleared for home consumption. Penalties under Sections 112 and 114A cannot be imposed post-clearance for goods cleared for home consumption. The Tribunal also clarified that the valuation of imported goods for assessment falls outside the High Court's jurisdiction under Section 130 of the Customs Act, 1962, leading to the dismissal of the appeal. en-us Tue, 18 Jun 2019 00:00:00 +0530 Tue, 25 Jun 2019 10:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382087 The Tribunal held that Section 111(m) of the Customs Act, 1962 does not cover over-invoicing cases, applies only to goods related to duty or prohibitions, and does not extend to goods cleared for home consumption. Penalties under Sections 112 and 114A cannot be imposed post-clearance for goods cleared for home consumption. The Tribunal also clarified that the valuation of imported goods for assessment falls outside the High Court's jurisdiction under Section 130 of the Customs Act, 1962, leading to the dismissal of the appeal. Case-Laws Customs Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382087