Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
CESTAT allowed appellants' appeals, finding no willful misstatement or collusion in duty calculation. The tribunal determined that the mis-statement of ex-works price as FOB value was an honest mistake, not an intentional attempt to evade duty. Assessment officers had reviewed all documents and did not challenge the original filing. Consequently, the extended period of limitation could not be invoked, and penalties were set aside. The entire differential duty demand was nullified, providing complete relief to the appellants.