No Evidence Linking His Valuation to Alleged Stone Over-Invoicing: CESTAT Quashes Penalties on Govt-Approved Valuer

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No Evidence Linking His Valuation to Alleged Stone Over-Invoicing: CESTAT Quashes Penalties on Govt-Approved Valuer

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Published on

02/12/2025

By Mariya Paliwala

No Evidence Linking His Valuation to Alleged Stone Over-Invoicing: CESTAT Quashes Penalties on Govt-Approved Valuer

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In a major relief to Government-approved valuer, the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) Kolkata, has set aside penalties totaling ₹1.80 crore that were imposed on him under Sections 112(a)(iii) and 114AA of the Customs Act, 1962, in connection with an alleged trade-based money laundering operation involving over-valuation of rough precious and semi-precious…

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Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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Stone Over-Invoicing

No Evidence Linking His Valuation to Alleged Stone Over-Invoicing: CESTAT Quashes Penalties on Govt-Approved Valuer

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