Demand of differential duty

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....emand of differential duty<br> Query (Issue) Started By: - manjeet singh Dated:- 28-6-2022 Last Reply Date:- 5-7-2022 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>1. My question is when any case is book by the Customs, under which section differential duty may be demanded in case of undervaluation and misclassification, when SCN is given u/s 124 of the Customs Act, 1962? 2. If only IGM is ....

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....filed and BE has not filed by the importer; can the person who booked the cargo can be liable for penalty if it contains any restricted goods/prohibited goods? Please quote any relevant judgement in this case, if possible? Reply By YAGAY andSUN: The Reply: Restricted goods can only be imported/exported after getting the authorization and the consent from appropriate Ministry. The prohibited good....

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....s cannot be imported/exported at all. Therefore, liable to be confiscated and penalty/compounding fee must be levied. Reply By raghunandhaanan rvi: The Reply: If the imported goods are misclassified or mis-declared, such goods are liable for confiscation under Section 111(m) of the CA&#39;62 and impose a penalty under section 112(a) of CA&#39;62. In the case the value of imported goods is under....

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....valued, that value can be rejected by customs under Rule 12 of the CVR 2007 and proceed to re-determine the value in accordance to rule 4 to 9 sequentially. thereafter the importer is liable to pay the duty on the redetermined value of goods. Customs demand notice can be issued under section 28 of the Customs Act 1962.<br> Discussion Forum - Knowledge Sharing ....