https://www.taxtmi.com/caselaws?id=448588 CESTAT Chennai allowed the appeal in a customs valuation dispute where the appellant declared export goods value at Rs.2,51,40,678 while Revenue assessed it at Rs.1,07,39,500. The Commissioner mechanically confirmed the lower authority's order rejecting the declared value and imposing confiscation under Section 113(ja) of Customs Act, 1962, along with redemption fine and penalties. CESTAT found the investigation flawed, relying on precedent from R. Kishan Co. case involving similar overvaluation allegations. The Tribunal directed issuance of demurrage waiver certificate under Handling of Cargo in Customs Areas Regulations, 2009. en-us Mon, 22 Jan 2024 00:00:00 +0530 Tue, 23 Jan 2024 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448588 CESTAT Chennai allowed the appeal in a customs valuation dispute where the appellant declared export goods value at Rs.2,51,40,678 while Revenue assessed it at Rs.1,07,39,500. The Commissioner mechanically confirmed the lower authority's order rejecting the declared value and imposing confiscation under Section 113(ja) of Customs Act, 1962, along with redemption fine and penalties. CESTAT found the investigation flawed, relying on precedent from R. Kishan Co. case involving similar overvaluation allegations. The Tribunal directed issuance of demurrage waiver certificate under Handling of Cargo in Customs Areas Regulations, 2009. Case-Laws Customs Mon, 22 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448588