Penalty u/s 114AA levied for misdeclaration of value of imported goods

S.D. Overseas Vs Joint Commissioner of Customs (CESTAT Delhi)

Penalty u/s 114AA leviable in case of misdeclaration of the value of the imported goods as per the manufacturer’s price lists.

Facts- The appellant had imported a consignment of Food Supplements through ICD, Tughlakabad and filed a Bill of Entry dated 04.01.2013 and the goods were cleared on 05.01.2013. Thereafter, officers initiated an enquiry based on the intelligence report.

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