https://www.taxtmi.com/caselaws?id=398595 The appellate tribunal upheld the rejection of the declared value for VRLA batteries due to significant discrepancies. Allegations of value suppression and mis-declaration were confirmed, leading to a demand for differential customs duty and penalties on the importer and its director. Procedural irregularities in handling evidence were noted, and the validity of provisional assessment was questioned. The tribunal remanded the matter for revaluation under Customs Valuation Rules and emphasized the need for cross-examination rights. Ultimately, the appeal was partially allowed, setting aside the demand for differential duty and penalties, and remanding the matter for re-determination. en-us Mon, 14 Sep 2020 00:00:00 +0530 Sat, 19 Sep 2020 19:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398595 The appellate tribunal upheld the rejection of the declared value for VRLA batteries due to significant discrepancies. Allegations of value suppression and mis-declaration were confirmed, leading to a demand for differential customs duty and penalties on the importer and its director. Procedural irregularities in handling evidence were noted, and the validity of provisional assessment was questioned. The tribunal remanded the matter for revaluation under Customs Valuation Rules and emphasized the need for cross-examination rights. Ultimately, the appeal was partially allowed, setting aside the demand for differential duty and penalties, and remanding the matter for re-determination. Case-Laws Customs Mon, 14 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398595