Importer's parallel invoicing scheme for undervaluation rejected; customs rightly confiscated goods, imposed penalties.

An importer involved in automotive windshield transactions was found using parallel invoicing to undervalue goods and evade customs duty. The investigation revealed two sets of invoices: one with the actual higher value and another with a lower value submitted for customs assessment. The declared transaction value was rejected under CVR 2007 Rule 12, establishing undervaluation and misdeclaration. Consequently, the goods were confiscated under Section 111(m), and penalties under Sections 114(A) and 114(AA) were imposed. The appeal was dismissed by CESTAT, with no violation of natural justice found. .....

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