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Customs - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

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.

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