https://www.taxtmi.com/caselaws?id=50119 Penalty for abetment of undervaluation could not be sustained where the customs house agent's procedural lapses did not prove knowledge, participation, or reason to believe that the imported goods were misdeclared. The absence of written authority and the filing of bonds with incomplete or later-completed particulars may justify regulatory action under licensing rules, but they do not by themselves establish abetment. A customs house agent is not required to verify every importer's antecedents, and the record here was insufficient to show conscious involvement in undervaluation. The penalty under Section 112 was therefore set aside. en-us Mon, 27 Nov 2000 00:00:00 +0530 Thu, 19 Aug 2010 17:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50119 Penalty for abetment of undervaluation could not be sustained where the customs house agent's procedural lapses did not prove knowledge, participation, or reason to believe that the imported goods were misdeclared. The absence of written authority and the filing of bonds with incomplete or later-completed particulars may justify regulatory action under licensing rules, but they do not by themselves establish abetment. A customs house agent is not required to verify every importer's antecedents, and the record here was insufficient to show conscious involvement in undervaluation. The penalty under Section 112 was therefore set aside. Case-Laws Customs Mon, 27 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50119