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Levy of penalty - Valuation - guar gum was of food grade or not ...


Court Upholds Penalties for Mis-declared Guar Gum Valuation; Re-determines Value Using NIDB Import Data for Accuracy.

April 22, 2023

Case Laws     Customs     AT

Levy of penalty - Valuation - guar gum was of food grade or not - The impugned order is correct in rejecting the transaction value and re-determining the value based on the contemporaneous values of imports available in NIDB - Undisputedly, 2 Persons were involved in the mis-declarations and therefore, the impugned order is correct in imposing penalties on them. - AT

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