The Directorate of Revenue Intelligence (DRI) has moved the Supreme Court challenging an order of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) quashing a case pertaining to over-invoicing allegations levelled by DRI against two Adani Group companies, The Economic Times reported.
The case pertains to relief provided by Customs, Excise & Service Tax Appellate Tribunal (CTEST) to Adani Power Maharashtra, Adani Power Rajasthan and Maharashtra Eastern Grid Power Transmission Company.
The DRI has filed civil case in Supreme Court against CTEST order that provided relief to Adani Power Maharashtra and Adani Power Rajasthan.
In 2014, DRI had issued a show cause notice to Adani Power Maharashtra and Adani Power Rajasthan alleging over-valuation.
Advertisement
In August 2017, the Adjudicating authority of DRI, the same authority who issued the SCN after dealing with in detail, set aside all the allegations and dropped the SCN. It has been held by the Adjudicating Authority that all the imports were genuine being undertaken at arm’s length and concluded that the value declared is correct and the value is not required to be re-determined.On appeal by Customs Department, CESTAT, Mumbai in July 2022 dismissed the appeal filed by Customs Department and upheld the Order of Adjudicating Authority. The matter has not yet been listed for hearing, a spokesperson for Adani group told The Economic Times.
Just one email a week