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Customs Duty Demand for Undervalued Plastic Granules Quashed
Case Law Details
- Case Name
- Prakash Parekh Vs Commissioner of Customs -Kandla (CESTAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Ahmedabad
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Prakash Parekh Vs Commissioner of Customs – Kandla (CESTAT Ahmedabad)
Conclusion: Customs duty demand on the undervaluation of plastic granules or flakes of powder was quashed in the absence of corroborative evidence and the value declared by assessee was correct being a transaction value and therefore, no addition could be made.
Held: Assessee was located in the Special Economic Zone (SEZ) and engaged in the manufacturing of recycled Plastic granules/ flakes/ agglomerates/ Pallets/Bars/ Powder, and the SEZ units were also permitted to do trading of all items except restricted, prohibite...
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