2000 (12) TMI 149 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai upheld the enhancement of value for imported Audio Magnetic Tapes due to under-valuation. The tribunal dismissed the appeal as the importers failed to provide evidence to prove there was no under-valuation, shifting the burden of proof onto them. The order of confiscation and penalty was set aside by the Commissioner (Appeals).