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HomeIndirect TaxesUnder-Valuation of Imported Goods Justifies Confiscation, Penalty Even If Duty Is Paid...

Under-Valuation of Imported Goods Justifies Confiscation, Penalty Even If Duty Is Paid Later: Madras HC

Indirect Taxes

Published on

By Mariya Paliwala
Madras HC

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The Madras High Court has ruled that acceptance of enhanced valuation and subsequent payment of customs duty does not absolve an importer from confiscation of goods and imposition of penalty if the original declaration in the Bill of Entry was incorrect.  Dismissing a civil miscellaneous appeal filed by an importer, the bench of  Dr. Justice…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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