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2011 (8) TMI 185 - CESTAT, NEW DELHIReduction of redemption fine and penalty - Import - Confiscation of the goods - the appellate authority has taken into account categorically that the margin of profit for low duty was Rs.200/- and for medium duty was for Rs.500/- per machine. He has also taken into account the fact that with the enhancement of the assessable value, the respondents had to pay higher customs duty alongwith payment of demurrage charges etc - While taking into account the transportation charges as also the recondition charges, he has arrived at the margin of profit - The said findings of the Commissioner (Appeals) do not stand rebutted by the Revenue by producing sufficient tangible evidence -Therefore, the reduction of redemption fine and penalty has been accepted by the Tribunal - Decided in favour of assessee.
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