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Customs - Highlights / Catch Notes

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Valuation of imported goods - allegation of Fabricated invoices/ ...

Case Laws     Customs

March 4, 2024

Valuation of imported goods - allegation of Fabricated invoices/ original invoices - The CESTAT Hyderabad dismissed the Revenue's appeal, supporting the OIO's findings that dropped the charges against M/s P.V. Enterprises for undervaluation and misdeclaration in their import of nutritional supplements. The court found the allegations unproven and the evidence insufficient to establish related party transactions or justify the rejection of declared transaction values.

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