https://www.taxtmi.com/caselaws?id=782502 CESTAT Kolkata allowed the appeal, holding that the allegation of short-payment of IGST on freight, insurance and landing charges was unsustainable. Based on the distributorship agreement and supporting certificates, the Tribunal found that import prices from Bhutan were on CIF/FOR terms and already included transportation, insurance, loading, forwarding and landing costs. Therefore, the assessable value declared in the Bills of Entry was correct, and the demand of differential duty with interest was set aside. The Tribunal further held that there was no suppression or misstatement, as all material facts were disclosed and corroborated by third-party evidence, and accordingly, it also set aside the penalty. en-us Thu, 20 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782502 CESTAT Kolkata allowed the appeal, holding that the allegation of short-payment of IGST on freight, insurance and landing charges was unsustainable. Based on the distributorship agreement and supporting certificates, the Tribunal found that import prices from Bhutan were on CIF/FOR terms and already included transportation, insurance, loading, forwarding and landing costs. Therefore, the assessable value declared in the Bills of Entry was correct, and the demand of differential duty with interest was set aside. The Tribunal further held that there was no suppression or misstatement, as all material facts were disclosed and corroborated by third-party evidence, and accordingly, it also set aside the penalty. Case-Laws Customs Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782502