Benefit given to importer as dept failed to substantiate allegation of undervaluation

Jeen Bhavani International Vs Commissioner of Customs (CESTAT Mumbai) Held that no iota of evidence was submitted by Revenue regarding under valuation of goods and hence benefit given to the appellant. Facts- The appellants imported 63 consignments of Linen Yarn, Ramie Yarn and other misc. items from various overseas suppliers, based in China. The appellant filed BOE classifying the said goods under CTH 53061090 and 53089010; goods were assessed by the department and ordered for clearance of the same for home consumption, in terms of Section 17 of the Customs Act, 1962. On the basis of specifi...