Under-invoicing of import - penalty under FERA - A perusal of ...

FEMA

March 24, 2014

Under-invoicing of import - penalty under FERA - A perusal of the AO shows that it was based entirely on what was stated in the SCNs issued under the CA (Customs Act) and there was no investigation to verify the particulars set out in the said documents - order set aside - HC

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Under-invoicing of import - penalty under FERA - A perusal of ...

FEMA

March 24, 2014

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