CESTAT Delhi remands LG TV Panel Undervaluation Case

Param Electronics Vs Commissioner of Customs (Import) (CESTAT Delhi) The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Delhi addressed a case involving Param Electronics and the Commissioner of Customs (Import), ICD Patparganj. The dispute revolved around the alleged undervaluation of imported LED TV panels by Param Electronics. Initially, the company declared a value of ₹50.55 lakh for a consignment of open cells for 43” and 49” LED TV panels with T-Con Boards. However, customs authorities re-evaluated the goods at ₹1.11 crore based on contemporaneous import data, citin...