https://www.taxtmi.com/caselaws?id=281460 The Appellate Tribunal CESTAT CHENNAI upheld the decision of the Commissioner regarding the valuation of imported silk fabrics based on grammage. The Tribunal ruled in favor of the respondents, stating that the non-declaration of grammage did not constitute willful misstatement under Section 28(1) of the Customs Act, 1962. Emphasizing the lack of legal obligation for the importer to declare the grammage and absence of mala fide intent, the Tribunal rejected the Revenue's appeal and affirmed the benefit granted to the assessee in seven bills of entries. The judgment highlights the importance of legal obligations in customs valuation and liability determinations. en-us Mon, 12 Mar 2018 00:00:00 +0530 Thu, 20 Jun 2019 15:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281460 The Appellate Tribunal CESTAT CHENNAI upheld the decision of the Commissioner regarding the valuation of imported silk fabrics based on grammage. The Tribunal ruled in favor of the respondents, stating that the non-declaration of grammage did not constitute willful misstatement under Section 28(1) of the Customs Act, 1962. Emphasizing the lack of legal obligation for the importer to declare the grammage and absence of mala fide intent, the Tribunal rejected the Revenue's appeal and affirmed the benefit granted to the assessee in seven bills of entries. The judgment highlights the importance of legal obligations in customs valuation and liability determinations. Case-Laws Customs Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281460