https://www.taxtmi.com/caselaws?id=425998 CESTAT Mumbai-AT allowed the appeal, setting aside the Customs demand and rejection of declared transaction values. The Tribunal found mandatory procedures under Sections 17, 105 and 138C, Customs Act, 1962 were not complied with: assessments were not final, panchanama and search formalities were defective, and computer printouts lacked required certification and evidentiary value. Reliance on higher insured values was held unjustified without inquiry. Retraction of departmental statements was accepted as not belated and not conclusive. In view of these procedural and evidentiary failings, the departmental case of undervaluation was unsustainable and the appeal succeeded. en-us Mon, 01 Aug 2022 00:00:00 +0530 Mon, 13 Oct 2025 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425998 CESTAT Mumbai-AT allowed the appeal, setting aside the Customs demand and rejection of declared transaction values. The Tribunal found mandatory procedures under Sections 17, 105 and 138C, Customs Act, 1962 were not complied with: assessments were not final, panchanama and search formalities were defective, and computer printouts lacked required certification and evidentiary value. Reliance on higher insured values was held unjustified without inquiry. Retraction of departmental statements was accepted as not belated and not conclusive. In view of these procedural and evidentiary failings, the departmental case of undervaluation was unsustainable and the appeal succeeded. Case-Laws Customs Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425998