https://www.taxtmi.com/caselaws?id=444536 The Tribunal dismissed the appeal by M/s Shashi Dhawal Hydraulics Pvt Ltd concerning short-paid import duties on hydraulic pumps. It upheld the application of the extended period under section 28 of the Customs Act, 1962, due to suppression/misrepresentation affecting valuation. The Tribunal distinguished between 'suppression/misrepresentation' and 'misdeclaration' for independent consequences, emphasizing their implications for duty recovery and penalties. It also clarified that confiscation relief does not negate the extended period for duty recovery, affirming the duty demand based on existing facts without new evidence challenging the limitation grounds. en-us Wed, 11 Oct 2023 00:00:00 +0530 Wed, 18 Oct 2023 06:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444536 The Tribunal dismissed the appeal by M/s Shashi Dhawal Hydraulics Pvt Ltd concerning short-paid import duties on hydraulic pumps. It upheld the application of the extended period under section 28 of the Customs Act, 1962, due to suppression/misrepresentation affecting valuation. The Tribunal distinguished between 'suppression/misrepresentation' and 'misdeclaration' for independent consequences, emphasizing their implications for duty recovery and penalties. It also clarified that confiscation relief does not negate the extended period for duty recovery, affirming the duty demand based on existing facts without new evidence challenging the limitation grounds. Case-Laws Customs Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444536