Customs Valuation Dispute: Imported Quick Recovery CDs Cleared After Procedural Errors Invalidate Duty Reassessment

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....CESTAT held that the re-determination of imported Quick Recovery CDs' value was invalid due to procedural non-compliance. The transaction value was not properly rejected under applicable customs valuation rules. The demand of differential duty was unsustainable, as the extended period of limitation was incorrectly invoked without evidence of suppression of facts. Consequently, the confiscation of goods under section 111(m) was set aside, and all imposed penalties were nullified. The appellate tribunal allowed the appeal, effectively quashing the original order and restoring the importer's original declared transaction value.....