Penalty Imposed u/s 114 of Customs Act for Over-Valued Goods; Key Issue: January 31, 2017 Letter's Significance.

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....Levy of penalty u/s 114 of the Customs Act, 1962 - Over-valuation of goods to avail a higher duty drawback - There is no dispute that the goods were over-valued. Therefore, the questions involved in the present appeals, essentially, are whether the letter dated 31.01.2017 was, in fact, sent and, if so, what is the import of the said letter. - Appellant failed to prove its case - HC....