Mis-declaration of Value of Imported Goods as per Manufacturer’s Price Lists can attract Penalty u/s 114A: CESTAT [Read Order]

Mis-declaration - imported goods - Penalty - CESTAT - Taxscan

The New Delhi bench of Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has held that misdeclaration of imported goods as per the manufacturer’s price lists can attract penalty u/s 114A. The appellant M/s S.D. Overseas, a proprietorship firm had imported a consignment of Food Supplements through ICD, Tughlakabad and filed a Bill…

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