ALO Law Office- IDT Tax I Arbitration I Litigation
Date: 21.04.2025
CESTAT Bangalore set aside the re-determined valuation
The Customs, Excise & Service Tax Appellate Tribunal (CESTAT), Bangalore Bench, has ruled in favor of M/s Saash Enterprises, setting aside a customs order that had rejected the declared transaction value of imported laminators, binding machines, and related equipment. The Tribunal quashed the re-determined valuation, confiscation, penalty, and fine imposed by the lower authorities.
Case Background:
- The case involved Bill of Entry No. 8730452 dated 11.12.2012 for goods including laminators, wire binding machines, and paper cutters.
- Although the physical description and quantity of the goods matched the import documentation, the customs authorities questioned the declared value and engaged a Chartered Engineer, who estimated a value of USD 69,021 against the declared USD 55,142.06.
- Based on this, customs re-valued the consignment to βΉ46.43 lakhs (from βΉ30.96 lakhs) and imposed:
- Redemption fine of βΉ5,00,000
- Penalty of βΉ2,00,000 under Section 112(a) of the Customs Act, 1962
This Article has been written by Shri Ravi Shekhar Jha, Advocate Delhi High Court based on his interpretation of the law. He can be reached at his email id intelconsul@gmail.com or on his Mobile +91-9999005379.
Source: CESTAT Bangalore
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