https://www.taxtmi.com/caselaws?id=465135 The CESTAT Kolkata allowed the appeal concerning alleged undervaluation of imported Patchouli Oil. The Department had rejected the declared transaction value and enhanced the assessable value based on contemporaneous imports from the same suppliers, without demonstrating that those goods were comparable in all material respects. Relying on its earlier decision on an identical issue, the Tribunal held that, in the absence of evidence establishing similarity of goods, the enhancement of value was unsustainable in law. Consequently, the demand of differential duty and imposition of penalties were set aside. en-us Wed, 22 Jan 2025 00:00:00 +0530 Sun, 07 Dec 2025 20:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465135 The CESTAT Kolkata allowed the appeal concerning alleged undervaluation of imported Patchouli Oil. The Department had rejected the declared transaction value and enhanced the assessable value based on contemporaneous imports from the same suppliers, without demonstrating that those goods were comparable in all material respects. Relying on its earlier decision on an identical issue, the Tribunal held that, in the absence of evidence establishing similarity of goods, the enhancement of value was unsustainable in law. Consequently, the demand of differential duty and imposition of penalties were set aside. Case-Laws Customs Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465135