https://www.taxtmi.com/caselaws?id=751002 CESTAT Ahmedabad allowed the appeal involving misdeclaration of goods value. The foreign supplier mistakenly sent three pieces of one machine and one piece of another instead of two pieces each. The importer unknowingly declared assessable value US$20,000 in excess due to supplier's error. CESTAT found no malafides by importer, following Bansal Industries precedent. Confiscation under Section 111, redemption fine, and penalty under Section 112 were set aside. Assessable value revision from US$39,000 to US$38,000 for one machine remained unchallenged by appellant. en-us Wed, 03 Apr 2024 00:00:00 +0530 Thu, 04 Apr 2024 20:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751002 CESTAT Ahmedabad allowed the appeal involving misdeclaration of goods value. The foreign supplier mistakenly sent three pieces of one machine and one piece of another instead of two pieces each. The importer unknowingly declared assessable value US$20,000 in excess due to supplier's error. CESTAT found no malafides by importer, following Bansal Industries precedent. Confiscation under Section 111, redemption fine, and penalty under Section 112 were set aside. Assessable value revision from US$39,000 to US$38,000 for one machine remained unchallenged by appellant. Case-Laws Customs Wed, 03 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751002