Alleged Import of Prohibited Goods but Penalty imposed for Mis-declaration of Assessable Value: Bombay HC directs Customs Dept to Refund Rs. 5 Lakhs [Read Order]

The proposed confiscation and penalty was due to the allegation that the petitioner had imported the prohibited goods and not for mis-declaration of the assessable value.
By Manu Sharma - On August 6, 2024 10:58 am - 2 mins read
Bombay High Court - Bombay HC directs Customs Dept to Refund - Customs Dept to Refund Rs. 5 Lakhs - Taxscan

In a significant ruling, the Bombay High Court has directed the Customs Department to refund Rs. 5 lakhs, upon application, to an importer, who was penalised for alleged mis-declaration of assessable value rather than for the import of prohibited goods. The case revolves around the petitioner, engaged in importing, manufacturing, and supplying medical equipment, including…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader