Section 114AA Penalty Quashed Due to Lack of Evidence Challenging Assessment Orders

Sunny Sales Vs Commissioner of Customs (Port) (CESTAT Kolkata) Conclusion: Penalty imposed under Section 114AA of the Customs Act was quashed as declared value in bills of entry could not be rejected relying on proforma invoice and demands could not be raised without challenging the assessment orders. Held: Assessee had have imported 129 consignments of Sewing Machinery and parts of various brands through Kolkata port and one consignment of sewing machinery at ICD Tughlakabad, between the years 2012 and 2014. All the Bills of Entry were assessed/ reassessed to duty by accepting the transaction...