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2016 (1) TMI 1140 - CESTAT CHENNAIMRP values - enhancement in value - different MRP values to two different bills of entries - the values being $ 6 and $ 7.5 - when the declared value is $ 6 in one bill of entry, is there any necessity to create anomaly to the other unless there is any cogent evidence to the contrary? - Held that: - Once the declared value in one bill of entry is acceptable, there is no warrant in law to penalise the appellant adopting a different MRP for the other Bill of entry when goods are same and import took place at the same time. So far as the redemption fine is concerned, when one bill of entries was agreed to be enhanced to $ 6, the other declared value at $ 4.5 definitely is suppression of the assessable value. Therefore, the redemption fine imposed does not call for interference. Penalty of ₹ 20,000/- imposed - appeal allowed - decided partly in favor of appellant.
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