Over-valuation of imported goods for power projects results in appeal dismissal after concurrent factual findings upholding invoice routing Over-valuation of imported goods for setting up power projects: authorities below found invoices were routed through intermediary entities to inflate ...
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Over-valuation of imported goods for power projects results in appeal dismissal after concurrent factual findings upholding invoice routing
Over-valuation of imported goods for setting up power projects: authorities below found invoices were routed through intermediary entities to inflate prices, and rejected the appellant's challenges to those factual findings; CESTAT and the adjudicating authority's determinations on invoice routing and valuation were treated as concurrent findings of fact and formed the basis for upholding prior orders. Consequently, the Supreme Court declined to interfere with the impugned orders and dismissed the appeal.
The Supreme Court of India in the case of 2023 (3) TMI 1479 - SC, heard arguments from both parties and concluded that the findings of fact by lower authorities were final. The appeals were dismissed, and any pending applications were disposed of.
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