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 assessme

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