Customs Penalty u/s. 114AA leviable even in case of mis-declaration in imports

Nitin Khandelwal Vs Principal Commissioner (CESTAT Delhi) CESTAT Delhi held that penalty under section 114AA of the Customs Act can duly be imposed for mis-declaration in imports. Accordingly, penalty of Rs. 30,00,000 imposed u/s. 114AA is modest since the same doesn’t exceed five time the value of goods. Facts- The importer filed Bill of Entry dated 11.12.2017 to clear goods imported by it and self-assessed the duty payable on them. Receiving intelligence that the description and value of the goods were mis-declared in this Bill of Entry, officers of the Special Intelligence and Investigati...