https://www.taxtmi.com/article/detailed?id=13500 Over invoicing and mis-declaration in export transactions involve inflating or distorting invoice value, classification, description, quantity, or origin to secure undue incentives or evade duties; customs law empowers reassessment of transaction value, recovery of unpaid duties, imposition of penalties (including penalties proportionate to short-paid duty), seizure and confiscation of goods, and criminal proceedings where misrepresentation or suppression of facts amounts to criminal conduct, while compliance measures include accurate documentation, audits, expert consultation, and advance rulings. en-us Sat, 08 Feb 2025 11:15:36 +0530 Sat, 08 Feb 2025 11:15:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13500 Over invoicing and mis-declaration in export transactions involve inflating or distorting invoice value, classification, description, quantity, or origin to secure undue incentives or evade duties; customs law empowers reassessment of transaction value, recovery of unpaid duties, imposition of penalties (including penalties proportionate to short-paid duty), seizure and confiscation of goods, and criminal proceedings where misrepresentation or suppression of facts amounts to criminal conduct, while compliance measures include accurate documentation, audits, expert consultation, and advance rulings. Articles Customs - Import - Export - SEZ Sat, 08 Feb 2025 11:15:36 +0530 https://www.taxtmi.com/article/detailed?id=13500