Penalty under Customs Act not Imposable  When Misdeclaration of Values of Imported Goods not Established Conclusively: CESTAT [Read Order]

Penalty - Penalty under Customs Act - Customs Act - Penalty under Customs Act not Imposable - CESTAT - taxscan

The Chennai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that penalty under the customs act is not imposable when the misdeclaration of values of imported goods is not established conclusively. The Revenue challenging the Order-in-Appeal which involved the issue of valuation of imported silk by M/s. Sree Rajendra Textiles,…

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