https://www.taxtmi.com/highlights?id=75744 Valuation of the imported goods - Mis-classification of goods - While the CESTAT upheld the under-valuation allegation, it dropped the demand related to mis-classification. The Tribunal relied on evidence of undisclosed payments to overseas suppliers, which indicated undervaluation of the imported goods. However, it noted that the rough entries in the appellant's notebooks lacked evidentiary value and could not be the sole basis for determining undervaluation. en-us Sat, 16 Mar 2024 07:49:47 +0530 Sat, 16 Mar 2024 07:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75744 Valuation of the imported goods - Mis-classification of goods - While the CESTAT upheld the under-valuation allegation, it dropped the demand related to mis-classification. The Tribunal relied on evidence of undisclosed payments to overseas suppliers, which indicated undervaluation of the imported goods. However, it noted that the rough entries in the appellant's notebooks lacked evidentiary value and could not be the sole basis for determining undervaluation. Highlights Customs Sat, 16 Mar 2024 07:49:47 +0530 https://www.taxtmi.com/highlights?id=75744