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2014 (1) TMI 1784 - AT - CustomsAmendment in IGM - imposition of redemption fine and penalty - initially the goods were consigned to M/s. DM Sons Metal Pvt. Ltd., who did not accepted the cargo therefore, the supplier sold the goods to the appellant M/s. Turakhia Ferromet Pvt. Ltd. - Held that: - It is a case wherein the shipping line sought amendment in IGM only to change the name of the consignee and no other amendment regarding change in either the gross weight or the number of coils. In these circumstances, the observation of the learned Commissioner that it may be an effort to suppress the transaction value is not sustainable without producing any evidence on record that there may be variation in transaction value or there is contemporaneous import of such items wherein the value is higher - fine and penalty set aside - appeal allowed - decided in favor of appellant.
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