https://www.taxtmi.com/caselaws?id=758701 CESTAT Ahmedabad allowed the appeal regarding valuation of imported goods from Kandla SEZ. The tribunal found that NIDB data from 2017 could not be applied to 2018 DTA clearance due to different time periods. Revenue failed to establish undervaluation as there was no evidence of invoice manipulation or consideration flow-back. Since appellant declared value per invoice without other material evidence, no malafide intention could be attributed. Consequently, enhancement of value, confiscation, redemption fine, and penalty were set aside as baseless and unsustainable. en-us Wed, 11 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758701 CESTAT Ahmedabad allowed the appeal regarding valuation of imported goods from Kandla SEZ. The tribunal found that NIDB data from 2017 could not be applied to 2018 DTA clearance due to different time periods. Revenue failed to establish undervaluation as there was no evidence of invoice manipulation or consideration flow-back. Since appellant declared value per invoice without other material evidence, no malafide intention could be attributed. Consequently, enhancement of value, confiscation, redemption fine, and penalty were set aside as baseless and unsustainable. Case-Laws Customs Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758701