https://www.taxtmi.com/caselaws?id=220937 The Tribunal found in favor of the appellant, a subsidiary of a German company, in a case concerning the waiver of pre-deposit of duty, interest, and penalty related to alleged undervaluation of imported goods. The revenue claimed undervaluation to evade customs duty, while the appellant argued there was no evidence of undervaluation and that the revenue's calculation method was incorrect. The Tribunal agreed with the appellant, noting the lack of consideration for profit margins and ruled in favor of waiving the pre-deposit of dues and staying recovery during the appeal process. en-us Tue, 07 Aug 2012 00:00:00 +0530 Sat, 29 Dec 2012 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220937 The Tribunal found in favor of the appellant, a subsidiary of a German company, in a case concerning the waiver of pre-deposit of duty, interest, and penalty related to alleged undervaluation of imported goods. The revenue claimed undervaluation to evade customs duty, while the appellant argued there was no evidence of undervaluation and that the revenue's calculation method was incorrect. The Tribunal agreed with the appellant, noting the lack of consideration for profit margins and ruled in favor of waiving the pre-deposit of dues and staying recovery during the appeal process. Case-Laws Customs Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220937