Penalties Imposed for Over-Invoicing Export Goods to Gain Undue Incentives Under Customs Act Sections 114(iii) and 114AA.

Penalties Imposed for Over-Invoicing Export Goods to Gain Undue Incentives Under Customs Act Sections 114(iii) and 114AA. https://www.taxtmi.com/highlights?id=73552 Levy of penalty u/s 114(iii) of the Customs Act, 1962 and Section 114AA of the Customs Act, 1962 - export of goods at highly over invoiced values - availing undue export incentives - In a catena of decisions of the Tribunal in respect of cases of over valuation of export goods for benefit under export incentive schemes, the imposition of penalties u/s 114 has been upheld. - AT en-us Wed, 13 Dec 2023 07:54:17 +0530 Wed, 13 Dec 2023 07:54:17 +0530 TaxTMI RSS Generator Penalties Imposed for Over-Invoicing Export Goods to Gain Undue Incentives Under Customs Act Sections 114(iii) and 114AA. https://www.taxtmi.com/highlights?id=73552 Levy of penalty u/s 114(iii) of the Customs Act, 1962 and Section 114AA of the Customs Act, 1962 - export of goods at highly over invoiced values - availing undue export incentives - In a catena of decisions of the Tribunal in respect of cases of over valuation of export goods for benefit under export incentive schemes, the imposition of penalties u/s 114 has been upheld. - AT Highlights Customs Wed, 13 Dec 2023 07:54:17 +0530 https://www.taxtmi.com/highlights?id=73552