https://www.taxtmi.com/caselaws?id=754311 CESTAT Mumbai set aside penalty imposed under section 112 of Customs Act, 1962 on appellant company for misdeclaration and undervaluation of imported goods including modems and ATM equipment. The importer had falsely declared goods as electrical switches instead of modems. While goods were liable for confiscation, the tribunal found the penalty order deficient in establishing appellant's specific role and determining whether conditions under section 112(a) or 112(b) were met. Matter remanded to original authority for proper evaluation of appellant's liability and determination of applicable penalty provisions. Appeal allowed by way of remand. en-us Wed, 19 Jun 2024 00:00:00 +0530 Fri, 21 Jun 2024 08:16:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754311 CESTAT Mumbai set aside penalty imposed under section 112 of Customs Act, 1962 on appellant company for misdeclaration and undervaluation of imported goods including modems and ATM equipment. The importer had falsely declared goods as electrical switches instead of modems. While goods were liable for confiscation, the tribunal found the penalty order deficient in establishing appellant's specific role and determining whether conditions under section 112(a) or 112(b) were met. Matter remanded to original authority for proper evaluation of appellant's liability and determination of applicable penalty provisions. Appeal allowed by way of remand. Case-Laws Customs Wed, 19 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754311