https://www.taxtmi.com/caselaws?id=389096 The Tribunal set aside the penalty imposed on Shri J. Shamsudeen under Section 114A of the Customs Act, 1962, and imposed it on Smt. V. M. Hareefa, the proprietrix of M/s. Flower World, due to discrepancies in import invoices. Shri J. Shamsudeen, as an authorized signatory, was penalized under Section 112(a) for colluding in under-valuation, resulting in a penalty of 5,00,000. This decision clarified the distinct liabilities of the person liable to pay duty and an authorized signatory, ensuring appropriate penalties for duty evasion and under-valuation schemes. en-us Thu, 28 Nov 2019 00:00:00 +0530 Mon, 23 Nov 2020 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389096 The Tribunal set aside the penalty imposed on Shri J. Shamsudeen under Section 114A of the Customs Act, 1962, and imposed it on Smt. V. M. Hareefa, the proprietrix of M/s. Flower World, due to discrepancies in import invoices. Shri J. Shamsudeen, as an authorized signatory, was penalized under Section 112(a) for colluding in under-valuation, resulting in a penalty of 5,00,000. This decision clarified the distinct liabilities of the person liable to pay duty and an authorized signatory, ensuring appropriate penalties for duty evasion and under-valuation schemes. Case-Laws Customs Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389096