https://www.taxtmi.com/caselaws?id=757581 CESTAT Mumbai set aside the Commissioner of Customs order imposing differential duty, fine and penalty on importer for alleged undervaluation of white and yellow poppy seeds imported from Turkey. The authority rejected declared value based on Turkish customs database and Public Ledger prices. Following precedent in Ajay Exports case involving identical facts, the Tribunal held that rejection of declared value was without legal authority under Customs Valuation Rules 2007. The confiscation order and penalties were also quashed. Appeal allowed. en-us Mon, 26 Aug 2024 00:00:00 +0530 Tue, 27 Aug 2024 10:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757581 CESTAT Mumbai set aside the Commissioner of Customs order imposing differential duty, fine and penalty on importer for alleged undervaluation of white and yellow poppy seeds imported from Turkey. The authority rejected declared value based on Turkish customs database and Public Ledger prices. Following precedent in Ajay Exports case involving identical facts, the Tribunal held that rejection of declared value was without legal authority under Customs Valuation Rules 2007. The confiscation order and penalties were also quashed. Appeal allowed. Case-Laws Customs Mon, 26 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757581