2000 (9) TMI 183 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Kolkata confirmed duty of Rs. 55,454/- and imposed a penalty of Rs. 1.50 lakhs on the appellant for enhancing the assessable value of imported goods. The Commissioner increased the value based on another invoice from the same supplier, but the Tribunal found discrepancies and accepted the appellant's contention that the transaction value should be the correct assessable value. The impugned order was set aside, and the appeal was allowed.