Customs Duty Demand for Undervalued Plastic Granules Quashed

Prakash Parekh Vs Commissioner of Customs – Kandla (CESTAT Ahmedabad)

Conclusion: Customs duty demand on the undervaluation of plastic granules or flakes of powder was quashed in the absence of corroborative evidence and the value declared by assessee was correct being a transaction value and therefore, no addition could be made.

Held: Assessee was located in the Special Economic Zone (SEZ) and engaged in the manufacturing of recycled Plastic granule

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