https://www.taxtmi.com/highlights?id=105107 Consequential penalties imposed on Chartered Engineers for alleged undervaluation of imported second-hand printing machinery cannot continue where the underlying demand, interest and penalties against the principal parties have been set aside as legally unsustainable. Because the Engineers' penalties rested on the same allegation of undervaluation, setting aside the foundation proceedings removed the basis for those penalties. The penalties were set aside, with consequential relief available in accordance with law. en-us Sat, 17 Oct 2026 05:20:35 +0530 Sat, 17 Oct 2026 05:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105107 Consequential penalties imposed on Chartered Engineers for alleged undervaluation of imported second-hand printing machinery cannot continue where the underlying demand, interest and penalties against the principal parties have been set aside as legally unsustainable. Because the Engineers' penalties rested on the same allegation of undervaluation, setting aside the foundation proceedings removed the basis for those penalties. The penalties were set aside, with consequential relief available in accordance with law. Highlights Customs Sat, 17 Oct 2026 05:20:35 +0530 https://www.taxtmi.com/highlights?id=105107