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2013 (2) TMI 342 - CESTAT MUMBAIWaiver of pre-deposit - Stay of recovery - Duty, interest and penalty - Undervaluing the goods - Suppression of value of goods - Valuation under import of goods - Revenue argued that the importer and supplier are related person and the assessee had undervalued the good - Revenue is demanding duty at the price at which the goods are being traded in India after deducting the sales tax - Held that:- Duty is being demanded on the basis of the sale price of traded goods in India without taking into consideration of the profit margin. The assessee had made out prima facie a strong case in their favour. Stay granted and waive pre-deposit
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