Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
CESTAT Kolkata held that valuation of 'Transformer and its accessories' with a price variation clause is subject to reassessment of bills of entry. Assessment at clearance is provisional when a contract includes a variation clause. The Tribunal referred to a similar case for precedent. The respondent's request for reassessment was valid, leading to dismissal of the Revenue's appeal. The impugned order was upheld, emphasizing the finality of assessment post-reassessment request.
CESTAT Kolkata held that valuation of 'Transformer and its accessories' with a price variation clause is subject to reassessment of bills of entry. Assessment at clearance is provisional when a contract includes a variation clause. The Tribunal referred to a similar case for precedent. The respondent's request for reassessment was valid, leading to dismissal of the Revenue's appeal. The impugned order was upheld, emphasizing the finality of assessment post-reassessment request.
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