https://www.taxtmi.com/caselaws?id=759119 CESTAT Chennai upheld the department's rejection of declared transaction value and enhancement of customs value based on email evidence and partner's statement showing higher payment than invoice amount. The appellant failed to explain the discrepancy between declared value and actual payments made. Email evidence was deemed admissible as appellant voluntarily provided it during investigation without raising objections. The court confirmed differential duty liability but reduced redemption fine and penalty under Section 114A from original amounts to Rs. 1,00,000 each. Appeal was allowed partially with modifications to financial penalties only. en-us Wed, 14 Aug 2024 00:00:00 +0530 Tue, 24 Sep 2024 11:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759119 CESTAT Chennai upheld the department's rejection of declared transaction value and enhancement of customs value based on email evidence and partner's statement showing higher payment than invoice amount. The appellant failed to explain the discrepancy between declared value and actual payments made. Email evidence was deemed admissible as appellant voluntarily provided it during investigation without raising objections. The court confirmed differential duty liability but reduced redemption fine and penalty under Section 114A from original amounts to Rs. 1,00,000 each. Appeal was allowed partially with modifications to financial penalties only. Case-Laws Customs Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759119