https://www.taxtmi.com/caselaws?id=465310 CESTAT rejected the appellant-importers' challenge to customs duty demands and penalties arising from under-valuation of imported HOP pellets and HOP extracts. The Tribunal held that there was no violation of principles of natural justice: appellants had received relevant documents, had sufficient opportunity to reply and seek cross-examination, but deliberately abstained. On merits, data recovered from premises and overseas enquiry reports showed systematic undervaluation, with invoices filed with Bills of Entry declaring values significantly lower than those in suppliers' documents, without rebuttal by appellants. The declared transaction value was rightly rejected under Section 14 of the Customs Act, 1962. Finding clear fraud, forgery and manipulation to evade duty, CESTAT upheld re-assessment, confiscation and imposition of penalties, dismissing the appeals. en-us Mon, 09 Sep 2024 00:00:00 +0530 Tue, 16 Dec 2025 09:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465310 CESTAT rejected the appellant-importers' challenge to customs duty demands and penalties arising from under-valuation of imported HOP pellets and HOP extracts. The Tribunal held that there was no violation of principles of natural justice: appellants had received relevant documents, had sufficient opportunity to reply and seek cross-examination, but deliberately abstained. On merits, data recovered from premises and overseas enquiry reports showed systematic undervaluation, with invoices filed with Bills of Entry declaring values significantly lower than those in suppliers' documents, without rebuttal by appellants. The declared transaction value was rightly rejected under Section 14 of the Customs Act, 1962. Finding clear fraud, forgery and manipulation to evade duty, CESTAT upheld re-assessment, confiscation and imposition of penalties, dismissing the appeals. Case-Laws Customs Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465310