https://www.taxtmi.com/caselaws?id=779888 CESTAT, New Delhi-AT held that imported CNG kits/components qualified for valuation under Section 4A and the proviso to Section 3(2) requiring declaration of Retail Sale Price (RSP); duty shortfall based on RSP was sustained and recovery confirmed for the normal period. Penalty under Section 114A was set aside. Personal penalty under Section 112 was confirmed against the company director for responsibility in non-declaration, but personal penalties were vacated as to the employee acting as officer-in-charge and the clearing agent, who were not held liable. Appeal disposed accordingly. en-us Thu, 18 Sep 2025 00:00:00 +0530 Wed, 15 Oct 2025 08:27:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779888 CESTAT, New Delhi-AT held that imported CNG kits/components qualified for valuation under Section 4A and the proviso to Section 3(2) requiring declaration of Retail Sale Price (RSP); duty shortfall based on RSP was sustained and recovery confirmed for the normal period. Penalty under Section 114A was set aside. Personal penalty under Section 112 was confirmed against the company director for responsibility in non-declaration, but personal penalties were vacated as to the employee acting as officer-in-charge and the clearing agent, who were not held liable. Appeal disposed accordingly. Case-Laws Customs Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779888