https://www.taxtmi.com/caselaws?id=48184 The Court dismissed the appeal in a case involving alleged over-valuation of exported goods by a customs house agent. Despite the Appellant's claim of lack of awareness and following exporter's instructions, the Tribunal found the Appellant was aware of the valuation discrepancy. The Appellant's argument regarding penalty under Section 114 of the Customs Act, 1962, was rejected as it was not raised before the appellate authorities. The Court emphasized the necessity of raising relevant legal arguments at the correct stages of legal proceedings to challenge penalties effectively under the Customs Act, 1962. en-us Wed, 05 Dec 2007 00:00:00 +0530 Tue, 03 Aug 2010 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48184 The Court dismissed the appeal in a case involving alleged over-valuation of exported goods by a customs house agent. Despite the Appellant's claim of lack of awareness and following exporter's instructions, the Tribunal found the Appellant was aware of the valuation discrepancy. The Appellant's argument regarding penalty under Section 114 of the Customs Act, 1962, was rejected as it was not raised before the appellate authorities. The Court emphasized the necessity of raising relevant legal arguments at the correct stages of legal proceedings to challenge penalties effectively under the Customs Act, 1962. Case-Laws Customs Wed, 05 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48184