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Customs Excise and Service Tax Appellate Tribunal, New Delhi: “Lower Declared Value Cannot Itself Mean Misdeclaration” — Tribunal Partly Sets Aside Revaluation, Confiscation and Penalties, Clarifies When Transaction Value May Be Rejected Under Customs Valuation Rules
Court’s decision The Customs Excise and Service Tax Appellate Tribunal, New Delhi, delivered a detailed judgment partly allowing and partly rejecting the importer’s appeal. The Tribunal upheld the rejection of…
