Goods seized for Undervaluation – CESTAT relaxes conditions for release

OSM Ecocar Pvt. Ltd. Vs Commissioner of Customs (CESTAT Mumbai) In the present case the goods seized were assessed by the appraising group on the basis of the procedure prescribed as per the circular dated 05.02.2020. The charge of under valuation cannot be established without challenging the assessment made by the assessing group as per the procedure prescribed. It is not the case where the goods where being cleared on the basis of the declared value but were being cleared on the basis of the assessed value on the payment of assessed duty. However, these questions of undervaluation need to be...