2023 (3) TMI 1479 - SCH - Customs

Over-valuation of imported goods - goods imported for setting up power projects - case of Revenue is that though the power sector projects carry NIL rate of duty and the goods were imported directly to India but the documents were routed through an intermediary entity created by APML and APRL for the purpose of raising invoices with inflated prices - related parties or not - it was held by CESTAT that as none of the contention advanced by the learned special counsel for the appellant have any force the order dated 22.08.2017 passed by the adjudicating authority dropping the proceedings that were initiated by issuance of a show cause notice dated 15.05.2014 does not call for any interference in this appeal. HELD THAT - The matters are concluded by the findings of fact recorded by the authorities below and the impugned order(s) does not require any interference here - appeal dismissed.

Summary

The Supreme Court of India in the case of 2023 (3) TMI 1479 - SC, heard arguments from both parties and concluded that the findings of fact by lower authorities were final. The appeals were dismissed, and any pending applications were disposed of.