https://www.taxtmi.com/caselaws?id=752156 CESTAT Ahmedabad allowed the appeal and set aside the duty demand regarding valuation of an imported vessel. The appellant had declared price based on original MOA with LDT of 10,386 MT, but actual LDT was found to be 10,200 MT at import, creating a shortfall of 186 MT. A revised MOA was executed reflecting the reduced price based on actual LDT. The tribunal found no merit in rejecting the revised valuation when the original declared LDT differed from actual LDT, following precedent in Chaudhary Ship Breakers case. en-us Thu, 02 May 2024 00:00:00 +0530 Sat, 04 May 2024 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752156 CESTAT Ahmedabad allowed the appeal and set aside the duty demand regarding valuation of an imported vessel. The appellant had declared price based on original MOA with LDT of 10,386 MT, but actual LDT was found to be 10,200 MT at import, creating a shortfall of 186 MT. A revised MOA was executed reflecting the reduced price based on actual LDT. The tribunal found no merit in rejecting the revised valuation when the original declared LDT differed from actual LDT, following precedent in Chaudhary Ship Breakers case. Case-Laws Customs Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752156