CENEX UPDATE - 12.05.2020

CX - There is no evidence produced by Revenue indicating clandestine clearance of goods except the difference in figures shown in excise records and that in balance sheet - demand cannot be based upon assumptions and presumptions: CESTAT ST - Appellants are co-owners of property rented to ICICI Bank - Clubbing of rent received by all four individual co-owners of property was not legally sustainable - individual exemption available: CESTAT Cus - Import of Urea - Since amount of Rs. 17/- per MT has neither been paid by Appellant to GOI nor Appellant paid this amount to a third party, same cannot be added to transaction value u/r 10(1)(e) of 2007 Rules: CESTAT