CESTAT Delhi Rejects Higher Bitumen Import Value

Varaha Infra Ltd. Vs Commissioner (CESTAT Delhi) The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Delhi has allowed appeals filed by Varaha Infra Ltd., challenging the enhancement of the declared value of imported bitumen. The Tribunal’s decision, covering multiple consignments of bitumen 60/70, centered on the principle of accepting the lowest contemporaneous transaction value for identical goods, even when higher values for other imports were present. Case Background Varaha Infra Ltd. imported bitumen 60/70, packed in iron drums, through various Bills of Entry in early ...