Appellate Tribunal Grants Refund for Excess Customs Duty Due to Short Shipment and Miscalculated FOB Value.

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....Refund Of excess amount of duty paid on short shipped quantity - Valuation - erroneous calculation of FOB value of the subject consignment - The Appellate Tribunal found in favor of the appellant, ruling that the assessment of customs duty was incorrect as it was based on the wrong basis, resulting in excess duty payment. The Tribunal also noted the appellant's entitlement to a refund for both the short shipment and the erroneous calculation of FOB value. Moreover, the Tribunal emphasized the importance of adhering to principles of natural justice in adjudicating such matters and considered legal precedents supporting the appellant's position.....