Valuation of the imported goods - Mis-classification of goods -...

Valuation of the imported goods - Mis-classification of goods - While the CESTAT upheld the under-valuation allegation, it dropped the demand related to mis-classification. The Tribunal relied on evidence of undisclosed payments to overseas suppliers, which indicated undervaluation of the imported goods. However, it noted that the rough entries in the appellant's notebooks lacked evidentiary value and could not be the sole basis for determining undervaluation.