Revenue Fails to Prove Undervaluation of Imported Goods of ‘Zinc Scrap’ so as to Reject Transaction value in Invoice: CESTAT quashes Demand [Read Order]

By Shabna Rahim - On August 7, 2023 6:30 am - 2 mins read
Revenue Fails - Revenue - Imported Goods - Zinc Scrap - Transaction value - Invoice - CESTAT quashes Demand - Demand - CESTAT - taxscan

The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the demand on the ground that the revenue failed to prove the undervaluation of imported goods of zinc scrap to reject the transaction value in the invoice.  V. K. Metcast Pvt. Ltd, the respondent-assessee had filed three bills of entry…

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