https://www.taxtmi.com/caselaws?id=51703 The Appellate Tribunal CEGAT, Kolkata, set aside the Department's order alleging overvaluation of goods exported by M/s. Akshay Exports & Industries. The Tribunal found that the Department failed to provide substantial evidence and solely relied on a retracted statement. Despite the Department's contentions of overvaluation based on an admission and deposit made by the appellant, the Tribunal emphasized the lack of material evidence or market enquiry to support the claim, ultimately allowing the appeal due to insufficient proof of undervaluation. en-us Wed, 03 Jul 2002 00:00:00 +0530 Mon, 27 Sep 2010 17:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51703 The Appellate Tribunal CEGAT, Kolkata, set aside the Department's order alleging overvaluation of goods exported by M/s. Akshay Exports & Industries. The Tribunal found that the Department failed to provide substantial evidence and solely relied on a retracted statement. Despite the Department's contentions of overvaluation based on an admission and deposit made by the appellant, the Tribunal emphasized the lack of material evidence or market enquiry to support the claim, ultimately allowing the appeal due to insufficient proof of undervaluation. Case-Laws Customs Wed, 03 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51703