https://www.taxtmi.com/caselaws?id=429460 The appeals were dismissed, and the impugned order was upheld. The under-valuation of imported goods was proven, leading to the imposition of fines and penalties under various sections of the Customs Act, 1962. The confiscation of goods, redemption fine, recovery of duty, and imposition of penalties were deemed appropriate by the Commissioner (Appeals) due to the gravity of the offense and systematic undervaluation practices. The penalty under Section 114AA was struck down for double jeopardy, leaving only the penalty under Section 112(a) upheld. en-us Thu, 27 Oct 2022 00:00:00 +0530 Sat, 29 Oct 2022 09:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429460 The appeals were dismissed, and the impugned order was upheld. The under-valuation of imported goods was proven, leading to the imposition of fines and penalties under various sections of the Customs Act, 1962. The confiscation of goods, redemption fine, recovery of duty, and imposition of penalties were deemed appropriate by the Commissioner (Appeals) due to the gravity of the offense and systematic undervaluation practices. The penalty under Section 114AA was struck down for double jeopardy, leaving only the penalty under Section 112(a) upheld. Case-Laws Customs Thu, 27 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429460