CESTAT rejected duty demands as no evidence of circular trading or overvaluation found

Commissioner of Customs Vs Adani Enterprises Ltd. (CESTAT Ahmedabad) The Customs, Excise and Service Tax Appellate Tribunal dismissed multiple appeals filed by the Revenue against a common adjudication order that had dropped customs duty demands, confiscation, and penalties relating to imports made under Duty Free Credit Entitlement (DFCE) licences. The appeals arose from a common investigation alleging misuse of the Incremental Export Promotion Scheme through overvaluation of exports, re-export of imported cut and polished diamonds (CPD), circular trading, and wrongful duty-free import of gol...