TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The CESTAT allowed the appeal and set aside the impugned orders to the extent they upheld demands of differential customs duty, interest and penalties. The Tribunal held that the transaction value declared at importation, which had been scrutinised and enhanced by the proper officer at assessment and clearance, could not be further re-determined absent cogent reasons prescribed under s.14 of the Customs Act and the Customs Valuation Rules. The Department failed to discharge the burden of proving under-valuation or illicit flowbacks; reliance primarily on a statement of a co-appellant was inadequate. Consequently, reassessment and penal consequences premised on purported suppression or misdeclaration were quashed.
TaxTMI 
TaxTMI 
