https://www.taxtmi.com/caselaws?id=439996 The Tribunal set aside the order, ruling in favor of the appellants, finding no undervaluation or misdeclaration of the imported chemical. The reassessment by the Adjudicating Authority was deemed unsustainable, and no penalties were imposed on the appellants. The change in the chemical's name from "Safranal" to "Aroma Chemical K-100" was considered reasonable, with no evidence of customs duty evasion. The Tribunal concluded that the case was based on misunderstandings and presumptions, ultimately allowing both appeals. en-us Wed, 05 Jul 2023 00:00:00 +0530 Fri, 07 Jul 2023 07:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439996 The Tribunal set aside the order, ruling in favor of the appellants, finding no undervaluation or misdeclaration of the imported chemical. The reassessment by the Adjudicating Authority was deemed unsustainable, and no penalties were imposed on the appellants. The change in the chemical's name from "Safranal" to "Aroma Chemical K-100" was considered reasonable, with no evidence of customs duty evasion. The Tribunal concluded that the case was based on misunderstandings and presumptions, ultimately allowing both appeals. Case-Laws Customs Wed, 05 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439996