https://www.taxtmi.com/caselaws?id=32397 The Supreme Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) regarding the under-valuation of imported goods. The court dismissed the appeals, confirming the penalties imposed under Sections 112(a) and 114A of the Customs Act. The appellants' arguments were found unconvincing, and the court determined that there was clear evidence of under-valuation and conspiracy to evade customs duty. The penalties imposed on the company and key individuals involved in the scheme were upheld, with no order as to costs. en-us Thu, 12 Feb 2009 00:00:00 +0530 Sun, 29 Mar 2009 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32397 The Supreme Court upheld the decision of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) regarding the under-valuation of imported goods. The court dismissed the appeals, confirming the penalties imposed under Sections 112(a) and 114A of the Customs Act. The appellants' arguments were found unconvincing, and the court determined that there was clear evidence of under-valuation and conspiracy to evade customs duty. The penalties imposed on the company and key individuals involved in the scheme were upheld, with no order as to costs. Case-Laws Customs Thu, 12 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32397