CESTAT upholds Penalty Imposed for Import of Car Electronics Goods on Ground of Illegal Undervaluation of Imported Goods [Read Order]

CESTAT Upholds Penalty Imposed for Import of Car Electronics Goods - Ground of Illegal Undervaluation of Imported Goods - TAXSCAN

The Kolkata bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the penalty imposed for the import of car electronic goods on the ground of illegal undervaluation of imported goods.  John Miranda and Rakesh Magoo, the appellant assessee imported electronic goods viz, Car audio items ie, Car speakers, CD Players, Amplifiers, etc…

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