CESTAT held that ITI Ltd. made no misdeclaration in software valuation for telecom imports and upheld the dropping of the customs duty demand
The Chennai Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that there was no misdeclaration by ITI Ltd. in the valuation of software imported as part of telecom equipment, and upheld the original adjudication, dropping the customs duty demand and penalties. ITI Ltd., the respondent, had imported components for telecom systems,…
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