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Importer Faces Penalties u/s 114A for Incorrect Goods Valuation; Customs Broker Not Liable for Duty.
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....Imposition of penalties - default on the part of Customs Broker to declare the correct value of goods - the liability of customs duty rests only upon the importer - Accordingly Section 114A also applied to the importer in this case.....
TaxTMI
TaxTMI