https://www.taxtmi.com/caselaws?id=755786 CESTAT Bangalore upheld misdeclaration charges against appellant for undervaluation and incorrect description/quantity of imported goods. For 560 declared cartons of co-axial steel cables, tribunal accepted appellant's declared value due to lack of proper investigation and contemporaneous import evidence by authorities. However, for 140 excess undeclared cartons of co-axial copper cables, tribunal upheld authority's assessed value of Rs.3,56,510 due to appellant's failure to provide transaction value evidence. Redemption fine reduced to Rs.35,000 and penalty to Rs.20,000. Appeal partially allowed. en-us Mon, 08 Jul 2024 00:00:00 +0530 Thu, 18 Jul 2024 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755786 CESTAT Bangalore upheld misdeclaration charges against appellant for undervaluation and incorrect description/quantity of imported goods. For 560 declared cartons of co-axial steel cables, tribunal accepted appellant's declared value due to lack of proper investigation and contemporaneous import evidence by authorities. However, for 140 excess undeclared cartons of co-axial copper cables, tribunal upheld authority's assessed value of Rs.3,56,510 due to appellant's failure to provide transaction value evidence. Redemption fine reduced to Rs.35,000 and penalty to Rs.20,000. Appeal partially allowed. Case-Laws Customs Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755786