https://www.taxtmi.com/caselaws?id=751512 CESTAT Mumbai allowed the appeal partially. The tribunal held that franchise fees and international marketing charges must be included in transaction value under section 14 of Customs Act, 1962 for valuation purposes. However, penalties under sections 114AA and 114A were set aside due to lack of evidence regarding individual roles and legal deficiencies. Confiscation orders and penalties under section 112 were quashed for insufficient examination of law and facts. The matter was remanded to original authority for fresh proceedings limited to justifying extended period invocation, quantifying recoverable demand, and evaluating confiscation grounds with proper legal and factual basis. en-us Mon, 08 Apr 2024 00:00:00 +0530 Thu, 18 Apr 2024 08:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751512 CESTAT Mumbai allowed the appeal partially. The tribunal held that franchise fees and international marketing charges must be included in transaction value under section 14 of Customs Act, 1962 for valuation purposes. However, penalties under sections 114AA and 114A were set aside due to lack of evidence regarding individual roles and legal deficiencies. Confiscation orders and penalties under section 112 were quashed for insufficient examination of law and facts. The matter was remanded to original authority for fresh proceedings limited to justifying extended period invocation, quantifying recoverable demand, and evaluating confiscation grounds with proper legal and factual basis. Case-Laws Customs Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751512