Once the company has admitted the undervaluation and has paid ...
Director Held Accountable for Company's Undervaluation; Penalty Imposed Deemed Lawful.
June 23, 2017
Case Laws Customs AT
Once the company has admitted the undervaluation and has paid the penalty, the appellant who is the Director of the company and also looking after the affairs of the company is equally responsible and therefore imposing the penalty on the appellant is absolutely lawful.
View Source