https://www.taxtmi.com/caselaws?id=751964 The appeal was allowed with consequential benefits, as the revenue failed to substantiate allegations of under-valuation and collusion with a third party. The first appellate authority re-determined the assessable value at Rs. 49,84,163, which the revenue accepted without challenge. The appellant was entitled to the concessional duty benefit, and penalties under Sections 114A and 114AA of the Customs Act were set aside due to insufficient evidence. en-us Wed, 24 Apr 2024 00:00:00 +0530 Wed, 01 May 2024 07:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751964 The appeal was allowed with consequential benefits, as the revenue failed to substantiate allegations of under-valuation and collusion with a third party. The first appellate authority re-determined the assessable value at Rs. 49,84,163, which the revenue accepted without challenge. The appellant was entitled to the concessional duty benefit, and penalties under Sections 114A and 114AA of the Customs Act were set aside due to insufficient evidence. Case-Laws Customs Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751964