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2013 (11) TMI 32 - CESTAT NEW DELHIReduction of penalty - Over valuation of goods exported - Held that:- Revenue has been seriously prejudiced as role of C.H.A. is well known to the Commissioner of Customs in customs area which is very sensitive zone. The Appellate Authority should be conscious of the fact that customs matters should not be looked lightly which otherwise endangers the economy. This we say reading Para 5 of appellate order when we noticed that fake transaction was made in respect of subject goods which made the goods liable to confiscation - Notice is hereby issued to the appellant to show cause as to the reason why penalty imposed in adjudication shall not be restored. Appellant is directed to file its reply on 27th May, 2013, with a copy to other side. We direct the A.R. to ascertain whether there is appeal preferred by M/s. Twist International which is the main exporter - stay application rejected.
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