Importer Admits Misdeclaration of Cut Rails as Scrap; Commissioner (Appeals) Rules in Favor of Revenue Despite Admission.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Valuation of imported goods - misdeclaration of goods - Commissioner (Appeals) allowed the appeal of the Importer / respondent - product was correctly classifiable under Heading 7302, when assessee itself in a letter to Department admitted misdeclaring imported cut Rails as heavy melting scrap and requested for condonation of misdeclaration and admitted value declared to be under lower side and accepted its value for rectification. - Decided in favor of revenue in an ex-parte order with the help of Amicus Curiae - AT....