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2013 (5) TMI 97 - CESTAT NEW DELHIAppellant imported food products and declared assessable value through bill of entry which n the view of department is not correct/undervalued. – Accordingly demand of differential duty/interest & penalties imposed - Held that - However, in this case there is admission by the appellant admitting undervaluation to the extent of 30%. Since that is the only evidence available the differential duty demand should be restricted to loading of declared price by 30% only. Further we reduce the redemption and penalty. Accordingly appeal is partially allowed.
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