Customs Valuation Rejection Upheld: Relationship Suppression, Misclassification of Dredger Parts Under CTH 84314990 and 84137097

The CESTAT upheld the Commissioner's rejection of the declared transaction value under Rule 12(2) of Customs Valuation Rules, 2007, finding the appellant had suppressed their relationship with the overseas seller and misdeclared value. The Tribunal confirmed the classification of additional cutter head ladder under CTH 84314990 and jet pump system under CTH 84137097, rather than under CTH 89051000 as dredger parts. The denial of benefit under N/N.01/2011-CE was sustained. The demand under Section 28(4) was upheld, with penalties under Section 114A against the appellant company (modified to exclude interest) and Section 114AA against the Managing Director maintained, while penalties under Section 112(a) were set aside. The addendum to show-cause notice was deemed valid with no violation of natural justice principles. .....

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