https://www.taxtmi.com/caselaws?id=458582 The CESTAT NEW DELHI rejected the appellant's declared value of Rs. 48.65 per kg for imported bucket tooth parts and accepted the enhanced value of Rs. 75 per kg after the appellant agreed in writing to pay differential duty. The appellant waived their right to show cause notice and personal hearing under section 124 of the Customs Act. The Tribunal upheld the value enhancement and differential duty requirement, citing that when importers agree to enhanced valuation, the original declared value automatically stands rejected. However, the Tribunal set aside the confiscation order and redemption fine of Rs. 90,000, ruling that the Additional Commissioner lacked authority to impose these penalties. The appeal was partly allowed. en-us Mon, 29 Apr 2024 00:00:00 +0530 Thu, 07 Nov 2024 19:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458582 The CESTAT NEW DELHI rejected the appellant's declared value of Rs. 48.65 per kg for imported bucket tooth parts and accepted the enhanced value of Rs. 75 per kg after the appellant agreed in writing to pay differential duty. The appellant waived their right to show cause notice and personal hearing under section 124 of the Customs Act. The Tribunal upheld the value enhancement and differential duty requirement, citing that when importers agree to enhanced valuation, the original declared value automatically stands rejected. However, the Tribunal set aside the confiscation order and redemption fine of Rs. 90,000, ruling that the Additional Commissioner lacked authority to impose these penalties. The appeal was partly allowed. Case-Laws Customs Mon, 29 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458582