Generic PVC Fabric Description Not Misdeclaration; NIDB Value Rejection Quashed by CESTAT

Shyam Rexin Trading Pvt. Ltd. Vs Commissioner of Customs (CESTAT Delhi) In this case, the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi examined an appeal filed by the appellant challenging an order passed by the Commissioner of Customs, ICD Patparganj. The Commissioner had confirmed a differential duty demand of ₹46,76,106 along with interest, imposed a redemption fine of ₹5,00,000, and levied a penalty. The proceedings arose from imports of PVC coated fabrics made under seven Bills of Entry in November 2022. The importer had waived issuance of a show cause notice. Th...