ALO Law Office- IDT Tax I Arbitration I Litigation
Date: 05.05.2025
CESTAT Bangalore- Customs directed to restore the full sale value of the auctioned goods
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore Bench, in its Final Order No. 20530/2025 dated 30 April 2025, has ruled in favour of M/s. Wipro Ltd., allowing restitution of value for imported goods that were auctioned by the Revenue despite the matter being sub judice.
Case Background:
- Appellant: M/s. Wipro Ltd., Bangalore
- Goods: Service application module imported from Cisco Systems, Mexico
- Declared Value: USD 26,400
- Revenue’s Enhancement: Value re-determined to USD 1,10,000 based on list price of similar goods
- Penalty Imposed: Rs. 2,00,000 under Section 112(a) of Customs Act
- Redemption Fine: Rs. 50,000 under Section 125
- Goods Status: Auctioned in 2013 while appeal was pending
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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