https://www.taxtmi.com/caselaws?id=442315 Undervaluation in a customs valuation dispute was independently established through contemporaneous investigative records, recovered electronic data and corroborated admissions, not by the grade dispute over the MDF boards. The supplier representative's statement and computer records were treated as admissible and reliable business evidence, and the proprietor's later retraction did not undo the earlier admissions supported by the seized material. Redetermination of assessable value and confirmation of differential duty with interest were upheld. Confiscation was sustained, and penalty under section 114A followed from suppression and short-levy, but the additional penalty under section 112(a) was set aside because the proviso barred overlapping punishment. en-us Wed, 23 Aug 2023 00:00:00 +0530 Tue, 29 Aug 2023 08:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442315 Undervaluation in a customs valuation dispute was independently established through contemporaneous investigative records, recovered electronic data and corroborated admissions, not by the grade dispute over the MDF boards. The supplier representative's statement and computer records were treated as admissible and reliable business evidence, and the proprietor's later retraction did not undo the earlier admissions supported by the seized material. Redetermination of assessable value and confirmation of differential duty with interest were upheld. Confiscation was sustained, and penalty under section 114A followed from suppression and short-levy, but the additional penalty under section 112(a) was set aside because the proviso barred overlapping punishment. Case-Laws Customs Wed, 23 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442315