https://www.taxtmi.com/caselaws?id=383274 Undervaluation may justify rejection of the declared transaction value where admissions show the invoice price was not final and additional charges were payable, and where contemporaneous imports support a higher assessable value. Confiscation and redemption fine can be confined only to consignments actually seized or provisionally released, so broader confiscation is excessive and the fine may be reduced accordingly. In a case of provisional release pending adjudication, the extended limitation period may apply where suppression is established, and duty and interest follow on short levy. Penalties require proof of the statutory ingredients: the importer's penalty may stand for suppression, but penalties on directors and the CHA fail without specific culpable conduct or knowledge. en-us Thu, 18 Jul 2019 00:00:00 +0530 Sat, 20 Jul 2019 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383274 Undervaluation may justify rejection of the declared transaction value where admissions show the invoice price was not final and additional charges were payable, and where contemporaneous imports support a higher assessable value. Confiscation and redemption fine can be confined only to consignments actually seized or provisionally released, so broader confiscation is excessive and the fine may be reduced accordingly. In a case of provisional release pending adjudication, the extended limitation period may apply where suppression is established, and duty and interest follow on short levy. Penalties require proof of the statutory ingredients: the importer's penalty may stand for suppression, but penalties on directors and the CHA fail without specific culpable conduct or knowledge. Case-Laws Customs Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383274