https://www.taxtmi.com/caselaws?id=777517 CESTAT (New Delhi, AT) dismissed the appeal, upholding reassessment of customs value under Rules 5, 7 and rejection under Rule 12 after finding deliberate understatement of RSP on Bills of Entry while higher retail tags were affixed post-clearance. The Tribunal held the conduct was wilful mis-declaration, justified invocation of the extended limitation period, and sustained demands for differential duty with interest. Penalties under ss.114A and 114AA were affirmed for collusion/willful misstatement and suppression of facts. en-us Wed, 13 Aug 2025 00:00:00 +0530 Mon, 01 Sep 2025 08:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777517 CESTAT (New Delhi, AT) dismissed the appeal, upholding reassessment of customs value under Rules 5, 7 and rejection under Rule 12 after finding deliberate understatement of RSP on Bills of Entry while higher retail tags were affixed post-clearance. The Tribunal held the conduct was wilful mis-declaration, justified invocation of the extended limitation period, and sustained demands for differential duty with interest. Penalties under ss.114A and 114AA were affirmed for collusion/willful misstatement and suppression of facts. Case-Laws Customs Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777517