https://www.taxtmi.com/caselaws?id=780665 CESTAT held the importer's classification of imported oils as CTH 2803 was incorrect and affirmed reclassification to petroleum oils-Base Oil (CTH 27101960) for 311 barrels and Rubber Process Oil (CTH 27075000) or off-specification designations for remaining lots; valuation enhancement was sustained. However, the Tribunal found no evidence of deliberate mis-declaration to evade duty and set aside confiscation and penalty under s.112(a) of the Customs Act. Revenue's appeal was dismissed. en-us Fri, 02 May 2025 00:00:00 +0530 Tue, 04 Nov 2025 15:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780665 CESTAT held the importer's classification of imported oils as CTH 2803 was incorrect and affirmed reclassification to petroleum oils-Base Oil (CTH 27101960) for 311 barrels and Rubber Process Oil (CTH 27075000) or off-specification designations for remaining lots; valuation enhancement was sustained. However, the Tribunal found no evidence of deliberate mis-declaration to evade duty and set aside confiscation and penalty under s.112(a) of the Customs Act. Revenue's appeal was dismissed. Case-Laws Customs Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780665