https://www.taxtmi.com/caselaws?id=783419 HC upheld the Settlement Commission's findings of intentional misdeclaration of imported broadcasting equipment as "demo" goods and the consequential liability to customs duty, noting that duty of about Rs. 9.73 crore had already been paid. However, HC held that the penalty structure required modification. Penalties imposed on the individual directors were quashed, as the benefit from the misdeclaration accrued to the importing company, not to the directors personally. The aggregate penalty on the company was reduced to Rs. 50 lakh, of which Rs. 25 lakh was already deposited; the balance Rs. 25 lakh was directed to be paid within three months, whereupon all remaining penalties would stand quashed. Petition disposed. en-us Mon, 08 Dec 2025 00:00:00 +0530 Tue, 16 Dec 2025 08:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783419 HC upheld the Settlement Commission's findings of intentional misdeclaration of imported broadcasting equipment as "demo" goods and the consequential liability to customs duty, noting that duty of about Rs. 9.73 crore had already been paid. However, HC held that the penalty structure required modification. Penalties imposed on the individual directors were quashed, as the benefit from the misdeclaration accrued to the importing company, not to the directors personally. The aggregate penalty on the company was reduced to Rs. 50 lakh, of which Rs. 25 lakh was already deposited; the balance Rs. 25 lakh was directed to be paid within three months, whereupon all remaining penalties would stand quashed. Petition disposed. Case-Laws Customs Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783419