https://www.taxtmi.com/caselaws?id=386345 The Tribunal upheld penalties imposed under Sections 112(a) and 114AA of the Customs Act, 1962, on firms for misdeclaration of imported goods' value. It clarified penalties could apply to co-noticees even if the main noticee settled the issue. The Tribunal emphasized adherence to statutory wording, dismissing appeals and affirming penalties set by the Commissioner. The decision was rendered on 24.09.2019. en-us Tue, 24 Sep 2019 00:00:00 +0530 Thu, 26 Sep 2019 07:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386345 The Tribunal upheld penalties imposed under Sections 112(a) and 114AA of the Customs Act, 1962, on firms for misdeclaration of imported goods' value. It clarified penalties could apply to co-noticees even if the main noticee settled the issue. The Tribunal emphasized adherence to statutory wording, dismissing appeals and affirming penalties set by the Commissioner. The decision was rendered on 24.09.2019. Case-Laws Customs Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386345