https://www.taxtmi.com/caselaws?id=391755 The tribunal ruled in favor of two companies and their director in a case involving undervaluation of imported tires. The tribunal found that the revenue authorities failed to prove undervaluation and did not provide sufficient evidence to support their claims. As a result, the tribunal set aside the orders for confiscation of goods, imposition of penalties, demand for differential duty and interest, and denial of exemption from payment of Special Additional Duty. The appeals were allowed, and any amounts appropriated were ordered to be revoked. en-us Thu, 09 Jan 2020 00:00:00 +0530 Mon, 10 Jan 2022 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391755 The tribunal ruled in favor of two companies and their director in a case involving undervaluation of imported tires. The tribunal found that the revenue authorities failed to prove undervaluation and did not provide sufficient evidence to support their claims. As a result, the tribunal set aside the orders for confiscation of goods, imposition of penalties, demand for differential duty and interest, and denial of exemption from payment of Special Additional Duty. The appeals were allowed, and any amounts appropriated were ordered to be revoked. Case-Laws Customs Thu, 09 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391755