ALO Law Office- IDT Tax I Arbitration I Litigation
Date: 17.09.2025
CESTAT Chandigarh Sets Aside Penalties in Customs Under-Valuation โ โ
This Article has been written by Shri Ravi Shekhar Jha, Advocate based in New Delhi. The views expressed are based on his interpretation of the law. He can be reached at his email id intelconsul@gmail.com or on his Mobile +91-9999005379.
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In a significant decision, the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chandigarh, has set aside penalties imposed on two appellants, in a case involving allegations of under-valuation and mis-declaration of imported goods by M/s Prince International. โ The judgment, delivered by Honโble, Member (Judicial), highlights the importance of evidence-based findings and the proper application of legal provisions in customs cases.
Background of the Case
The case originated from an investigation by the Directorate of Revenue Intelligence (DRI) into M/s Prince International, Ludhiana, which was accused of evading customs duty by under-valuing and mis-declaring bicycle parts and pumps imported from China. โ Following the investigation, penalties were imposed on the appellants under Section 112(a) and 112(b) of the Customs Act, 1962, for allegedly aiding and abetting the importer in the evasion of customs duty.
Source: CESTAT Chandigarh
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