https://www.taxtmi.com/caselaws?id=52787 The Tribunal partially allowed the appeal, setting aside the redemption fine due to the unavailability of goods for confiscation, but upheld the orders related to duty, penalties under Section 112(m) of the Customs Act, and interest. The Tribunal confirmed the findings of deliberate under-valuation based on reliable evidence from Hong Kong Customs, emphasizing the fraudulent scheme between the foreign supplier and the Indian importer. The appellant's objections regarding evidence reliability and export declarations were rejected, affirming the Customs Authorities' position on evasion of customs duty. en-us Fri, 12 Mar 2004 00:00:00 +0530 Fri, 21 Jun 2024 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52787 The Tribunal partially allowed the appeal, setting aside the redemption fine due to the unavailability of goods for confiscation, but upheld the orders related to duty, penalties under Section 112(m) of the Customs Act, and interest. The Tribunal confirmed the findings of deliberate under-valuation based on reliable evidence from Hong Kong Customs, emphasizing the fraudulent scheme between the foreign supplier and the Indian importer. The appellant's objections regarding evidence reliability and export declarations were rejected, affirming the Customs Authorities' position on evasion of customs duty. Case-Laws Customs Fri, 12 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52787