https://www.taxtmi.com/caselaws?id=469696 Penalties under the Customs Act in a common undervaluation dispute were held unsustainable because the facts, investigation, evidence and third-party records were identical to earlier matters involving the same import line. The Tribunal treated the prior rulings as directly applicable, noting that third-party documents and retracted statements, without independent corroboration or supporting evidence from the importer, were insufficient to establish undervaluation. Applying that same factual matrix, it found no basis to sustain the penalty orders and allowed the appeals. en-us Fri, 13 Sep 2024 00:00:00 +0530 Mon, 29 Jun 2026 20:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469696 Penalties under the Customs Act in a common undervaluation dispute were held unsustainable because the facts, investigation, evidence and third-party records were identical to earlier matters involving the same import line. The Tribunal treated the prior rulings as directly applicable, noting that third-party documents and retracted statements, without independent corroboration or supporting evidence from the importer, were insufficient to establish undervaluation. Applying that same factual matrix, it found no basis to sustain the penalty orders and allowed the appeals. Case-Laws Customs Fri, 13 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469696