https://www.taxtmi.com/caselaws?id=332715 In a customs dispute over Pressed Distillate Oil, the CESTAT found that misdeclaration as base oil was not established because the chemical report was inconclusive, relied on only one classification parameter, and cross-examination of the chemical examiner was wrongly denied, breaching natural justice. Since rejection of the declared transaction value depended entirely on that failed misdeclaration finding, redetermination of assessable value by reference to contemporaneous base oil imports was not justified under the Customs Valuation Rules and the Customs Act. The penalty proceedings, being consequential, also could not survive. en-us Tue, 12 Jul 2016 00:00:00 +0530 Thu, 05 Jan 2017 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332715 In a customs dispute over Pressed Distillate Oil, the CESTAT found that misdeclaration as base oil was not established because the chemical report was inconclusive, relied on only one classification parameter, and cross-examination of the chemical examiner was wrongly denied, breaching natural justice. Since rejection of the declared transaction value depended entirely on that failed misdeclaration finding, redetermination of assessable value by reference to contemporaneous base oil imports was not justified under the Customs Valuation Rules and the Customs Act. The penalty proceedings, being consequential, also could not survive. Case-Laws Customs Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332715