https://www.taxtmi.com/caselaws?id=187497 The Appellate Tribunal CESTAT AHMEDABAD allowed the appeal by M/s. Varsha Plastics Pvt. Ltd., setting aside the Commissioner of Customs' order that enhanced the price of imported goods, confirmed duty differentials, imposed penalties, and confiscated the goods. The Tribunal found the reliance on the Director's statement insufficient, as it only acknowledged lower prices without proving undervaluation. Moreover, the invoices cited for comparison had significantly lower quantities, not meeting legal standards. As there was no evidence of financial discrepancies or falsity in the declared invoice value, the Tribunal granted relief to the appellants. en-us Tue, 06 Jul 2010 00:00:00 +0530 Mon, 24 Oct 2016 18:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187497 The Appellate Tribunal CESTAT AHMEDABAD allowed the appeal by M/s. Varsha Plastics Pvt. Ltd., setting aside the Commissioner of Customs' order that enhanced the price of imported goods, confirmed duty differentials, imposed penalties, and confiscated the goods. The Tribunal found the reliance on the Director's statement insufficient, as it only acknowledged lower prices without proving undervaluation. Moreover, the invoices cited for comparison had significantly lower quantities, not meeting legal standards. As there was no evidence of financial discrepancies or falsity in the declared invoice value, the Tribunal granted relief to the appellants. Case-Laws Customs Tue, 06 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187497