https://www.taxtmi.com/caselaws?id=761032 CESTAT Kolkata set aside customs demand for differential duty on poppy seed imports from Turkey. Revenue alleged undervaluation based on comparison with other importers' prices for same supplier. Tribunal found that contemporaneous import values accepted by revenue in other assessments should be used for comparison rather than rejecting declared transaction value. Following precedent from Sawetri Trading Company case, enhancement of price and consequential demand held unsustainable. Appeal allowed against revenue with consequential relief granted to importer. en-us Tue, 08 Oct 2024 00:00:00 +0530 Mon, 04 Nov 2024 08:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761032 CESTAT Kolkata set aside customs demand for differential duty on poppy seed imports from Turkey. Revenue alleged undervaluation based on comparison with other importers' prices for same supplier. Tribunal found that contemporaneous import values accepted by revenue in other assessments should be used for comparison rather than rejecting declared transaction value. Following precedent from Sawetri Trading Company case, enhancement of price and consequential demand held unsustainable. Appeal allowed against revenue with consequential relief granted to importer. Case-Laws Customs Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761032