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2015 (10) TMI 2441 - AT - CustomsValuation – Copper scrap of Birch and Dream variety – Appellant contends that value of goods is not based upon the contemporaneous import and no reason to suspect that one of country of origin is correct and other one is fake – Redemption fine not based on market inquiry but arbitrarily and same is on the higher side along with penalty – Revenue contends that goods were mis-declared - Clove variety described as scraps of Dream variety – Country of origin is fake and redemption fine and penalty are not on higher side. Held That:- Certificate relating to country of origin was found as fake as it was confirmed by Sri Lanka Authorities that it has not been issued by them – Confiscation of goods in order. Since matter is old and getting details of market inquiry is not possible, imposition of redemption fine is not interfered with – Decided in favour of Revenue. Imposition of penalty is found to be on higher side and same is reduced from ₹ 2 lakhs to Rs. ₹ 50,000/- - Decided in favour of assessee.
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