Price quoted in Proforma Invoice can’t be Actual Price as it is settled after Negotiation: CESTAT quashes enhancement of Assessable Value [Read Order]

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) while quashing the enhancement of assessable value and imposition of redemption fine in lieu of confiscation held that Price quoted in Proforma invoice can’t be Actual Price as it is settled after negotiation. The appellant, M/s. Trading Syndicate is engaged in the business of imports and […]
http://dlvr.it/SD35cf