https://www.taxtmi.com/caselaws?id=53442 The appeals arising from allegations of over-invoicing in the export of ready-made garments under the DEPB scheme resulted in the seizure of goods due to misdeclaration of values. Confiscation of goods under Sec. 113 of the Customs Act, 1962 was upheld, with penalties imposed on the exporters for misdeclaring values to benefit from the scheme. Penalties under Sec. 114 were also imposed on individuals involved in the misdeclaration. The Commissioner's decisions were supported by evidence of over-invoicing and inferior quality goods, leading to the rejection of the appeals and affirming the penalties imposed. en-us Wed, 01 Sep 2004 00:00:00 +0530 Wed, 13 Oct 2010 13:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53442 The appeals arising from allegations of over-invoicing in the export of ready-made garments under the DEPB scheme resulted in the seizure of goods due to misdeclaration of values. Confiscation of goods under Sec. 113 of the Customs Act, 1962 was upheld, with penalties imposed on the exporters for misdeclaring values to benefit from the scheme. Penalties under Sec. 114 were also imposed on individuals involved in the misdeclaration. The Commissioner's decisions were supported by evidence of over-invoicing and inferior quality goods, leading to the rejection of the appeals and affirming the penalties imposed. Case-Laws Customs Wed, 01 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53442