M/S. Radhey Shyam Ratanlal & Anr vs Commnr. Of Customs ...

The Supreme Court upheld the Tribunal's decision confirming the Commissioner of Customs' order under Section 112(a) of the Customs Act, 1962, which imposed a fine of Rs. 5 lacs and a penalty of Rs. 10 lacs on the appellant for undervaluation of imported cloves. The Court found that the appellant was aware of the discrepancies in pricing, as the international market price significantly exceeded the declared invoice price. The appeal was dismissed, affirming the penalties imposed for the violation of customs regulations.