https://www.taxtmi.com/caselaws?id=53515 The Tribunal upheld the duty demand and confiscation of goods, imposing a reduced penalty on the appellant for misdeclaring the MRP of imported goods. The appeal was partly allowed with reduced penalties. The Tribunal emphasized that duty liability is determined by the actual selling price, not the declared MRP, underscoring the importance of accurate MRP declarations to avoid penalties and confiscation. en-us Fri, 15 Oct 2004 00:00:00 +0530 Tue, 04 Jun 2024 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53515 The Tribunal upheld the duty demand and confiscation of goods, imposing a reduced penalty on the appellant for misdeclaring the MRP of imported goods. The appeal was partly allowed with reduced penalties. The Tribunal emphasized that duty liability is determined by the actual selling price, not the declared MRP, underscoring the importance of accurate MRP declarations to avoid penalties and confiscation. Case-Laws Customs Fri, 15 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53515