https://www.taxtmi.com/caselaws?id=417958 The Tribunal upheld the Commissioner's findings that the respondents had a bona fide belief in the authenticity of documents regarding the country of origin, thus not liable for misdeclaration. The agreed price with the supplier was accepted as valid, and the Tribunal agreed with the Commissioner on the valuation of goods. Penalties against employees were dropped due to lack of evidence of involvement. The Tribunal reduced the redemption fine and penalty imposed by the Commissioner. The refund claim was allowed as the retention of the amount was deemed excessive. The Revenue appeal was dismissed, and relief was granted to the respondents in the form of reduced penalties and allowed refund. en-us Tue, 01 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 21:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417958 The Tribunal upheld the Commissioner's findings that the respondents had a bona fide belief in the authenticity of documents regarding the country of origin, thus not liable for misdeclaration. The agreed price with the supplier was accepted as valid, and the Tribunal agreed with the Commissioner on the valuation of goods. Penalties against employees were dropped due to lack of evidence of involvement. The Tribunal reduced the redemption fine and penalty imposed by the Commissioner. The refund claim was allowed as the retention of the amount was deemed excessive. The Revenue appeal was dismissed, and relief was granted to the respondents in the form of reduced penalties and allowed refund. Case-Laws Customs Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417958