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Bonafide declaration of value found to be incorrect cannot be concluded as suppression
Case Law Details
- Case Name
- Goldstar Glasswares Pvt. Ltd Vs Principal Commissioner of Customs (CESTAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Delhi
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Goldstar Glasswares Pvt. Ltd Vs Principal Commissioner of Customs (CESTAT Delhi)
CESTAT Delhi held that bonafide declaration of value of goods cannot be concluded as suppression merely because the value was ultimately found to be incorrect. Accordingly, penalty u/s. 114A and 112 of Customs Act set aside.
Facts- M/s. Goldstar Glass wares Pvt. Ltd. to assail that part of the order dated 30.05.2019 passed by the Principal Commissioner of Customs, ICD, TKD, New Delhi that rejects the assessable value of goods declared by the appellant under rule 12 of the Customs Valuation (Determination of the V...
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