https://www.taxtmi.com/caselaws?id=42729 Penalty for short-landing of goods must be computed by reference to the proved value of the short-landed item where a supplier's certificate supports that value and no material discredits it. The penalty imposed for Item No. 133 was treated as excessive because it exceeded the maximum amount calculable on the accepted valuation of Pipe No. 269. The penalty was consequently reduced to the maximum permissible amount based on that valuation. en-us Fri, 02 Feb 1990 00:00:00 +0530 Mon, 14 Jun 2010 09:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42729 Penalty for short-landing of goods must be computed by reference to the proved value of the short-landed item where a supplier's certificate supports that value and no material discredits it. The penalty imposed for Item No. 133 was treated as excessive because it exceeded the maximum amount calculable on the accepted valuation of Pipe No. 269. The penalty was consequently reduced to the maximum permissible amount based on that valuation. Case-Laws Customs Fri, 02 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42729