Re-determination of value, without any case of mis-declaration & undervaluation, not maintainable

Mydream Properties Pvt. Ltd Vs Commissioner of Customs (CESTAT Mumbai) Revenue has not made out any case of mis-declaration and consequential undervaluation. Therefore, we find no merit in the re-determination of the value of the yacht and confirmation of differential duty thereon. Facts- The appellant had imported the goods, described as “Brand New Azimut 68 Motor Yachtwith Accessories” from Italy and filed the BOE for duty assessment and clearance of the said imported consignments. The BOE was recalled and an examination was conducted by the officers of the Central Intelligence Unit (CIU...