Home Case Index All Cases Customs Customs + AT Customs - 2015 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (3) TMI 116 - AT - CustomsWaiver of pre deposit - Valuation of goods - Penalty Section 112 (a) and read with Section 114A - Held that:- Declared price of the imported goods, which are brass items, is less than the value of brass scrap during the period of dispute. This fact casts serious doubts about the declared transaction value. Moreover the imports are from a trader and not from a manufacturer and the invoices regarding the price at which the goods were purchased by the supplier from the manufacturers have not been produced. In view of this, we hold that the appellant have not been able to establish prima facie case in their favour and as such the amount of ₹ 1,16,487/- paid by the appellant during investigation is not sufficient to safeguard the interest of the Revenue. The appellant, therefore, are directed to deposit an amount of ₹ 5,00,000 alongwith appropriate interest in addition the amount already paid by them within a period of six weeks from the date of this order. Compliance is to be reported on 23rd February, 2015. On payment of this amount within the stipulated period, the requirement of balance amount of duty demand, interest thereon and penalty shall stand waived and recovery thereof stayed. - Partial stay granted.
|