Court Upholds Penalties for Mis-declared Guar Gum Valuation; Re-determines Value Using NIDB Import Data for Accuracy.

Court Upholds Penalties for Mis-declared Guar Gum Valuation; Re-determines Value Using NIDB Import Data for Accuracy. https://www.taxtmi.com/highlights?id=69365 Levy of penalty - Valuation - guar gum was of food grade or not - The impugned order is correct in rejecting the transaction value and re-determining the value based on the contemporaneous values of imports available in NIDB - Undisputedly, 2 Persons were involved in the mis-declarations and therefore, the impugned order is correct in imposing penalties on them. - AT en-us Sat, 22 Apr 2023 09:21:01 +0530 Sat, 22 Apr 2023 09:21:01 +0530 TaxTMI RSS Generator Court Upholds Penalties for Mis-declared Guar Gum Valuation; Re-determines Value Using NIDB Import Data for Accuracy. https://www.taxtmi.com/highlights?id=69365 Levy of penalty - Valuation - guar gum was of food grade or not - The impugned order is correct in rejecting the transaction value and re-determining the value based on the contemporaneous values of imports available in NIDB - Undisputedly, 2 Persons were involved in the mis-declarations and therefore, the impugned order is correct in imposing penalties on them. - AT Highlights Customs Sat, 22 Apr 2023 09:21:01 +0530 https://www.taxtmi.com/highlights?id=69365