2008 (5) TMI 582 - AT - Customs

SEZ unit - Confiscation - Misdeclaration of value by SEZ unit - Held that - inasmuch as the importer was located in Special Economic Zone (SEZ), there was no duty implication in respect of the said consignments, there could not be any motive or intention on the part of the assessee to mis-declare the goods in question - appeal dismissed - decided against Revenue.

Summary

The Appellate Tribunal CESTAT, Ahmedabad rejected the revenue's appeal against the order of the Commissioner (Appeals) regarding the mis-declaration of imported goods as "Unicolor Synthetic Hosiery Rags free of cotton." The Commissioner (Appeals) ruled in favor of the importer located in a Special Economic Zone (SEZ), stating there was no duty implication and no intention to evade law or duty. The appeal by the revenue was rejected.