https://www.taxtmi.com/caselaws?id=51894 The appeal challenged an order enhancing the assessable value of imported goods, imposing duty demand, redemption fine, and penalties. The appellant disputed the basis of enhancement and imposition of fines and penalties, particularly contesting the authenticity of export declarations and discrepancies in values. The Tribunal upheld penalties under Section 112 but reduced them to 50% of the duty demanded, while vacating penalties on the partners. The controversy over imposing penalties on the firm and partners was resolved by sustaining the penalty on the firm but eliminating penalties on the partners. The redemption fine and demand for interest were set aside, partially allowing the appeals. en-us Wed, 14 May 2003 00:00:00 +0530 Wed, 29 Sep 2010 11:02:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51894 The appeal challenged an order enhancing the assessable value of imported goods, imposing duty demand, redemption fine, and penalties. The appellant disputed the basis of enhancement and imposition of fines and penalties, particularly contesting the authenticity of export declarations and discrepancies in values. The Tribunal upheld penalties under Section 112 but reduced them to 50% of the duty demanded, while vacating penalties on the partners. The controversy over imposing penalties on the firm and partners was resolved by sustaining the penalty on the firm but eliminating penalties on the partners. The redemption fine and demand for interest were set aside, partially allowing the appeals. Case-Laws Customs Wed, 14 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51894