Customs Demand Set Aside Due to Failure to Prove Suppression Despite Valuation Dispute

Rimjhim Ispat Ltd. Vs Commissioner of Customs (Preventive) (CESTAT Kolkata) In Rimjhim Ispat Ltd. Vs Commissioner of Customs (Preventive), the dispute concerned whether freight and insurance charges should be included in the assessable value of imported Ferro Silicon under Rule 10(2) of the Customs Valuation Rules, 2007. The appellant imported goods from Bhutan through a land border and declared only FOB value, contending that FOB and CIF values were effectively the same due to absence of transit distance and insurance requirement. The department alleged that the appellant failed to include fr...