https://www.taxtmi.com/caselaws?id=767249 CESTAT Kolkata upheld confiscation of excess and undeclared goods but set aside confiscation of declared goods. Transaction value was accepted as Revenue failed to provide evidence for rejection. Differential duty demand on value enhancement was rejected. Penalty under Section 114A imposed on appellant-company equal to confirmed duty on excess quantities only. No penalty imposed on Director under Section 114A or 114AA. Matter remanded for recalculating duty on excess/undeclared goods and redemption fine. en-us Thu, 06 Mar 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767249 CESTAT Kolkata upheld confiscation of excess and undeclared goods but set aside confiscation of declared goods. Transaction value was accepted as Revenue failed to provide evidence for rejection. Differential duty demand on value enhancement was rejected. Penalty under Section 114A imposed on appellant-company equal to confirmed duty on excess quantities only. No penalty imposed on Director under Section 114A or 114AA. Matter remanded for recalculating duty on excess/undeclared goods and redemption fine. Case-Laws Customs Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767249