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2016 (4) TMI 681 - AT - CustomsConfiscation of goods and imposition of penalty - Import of LED TV's - Goods covered under clearance on the basis of MRP value - Differrantial duty and interest paid immediately before issuance of Order-in-Original - Appellant contended that there was no intention to evade duty and mis-declaration of MRP was a bonafide mistake on the part of their Customs Broker Agent - Held that:- there is no evidence on record to substantiate the claim of appellant. As the importer has paid the differential duty and interest before issuance of the Order-in-Original, so it is found to be a fit case for reduction of redemption fine. It is also seen that the importer had paid 25% of the penalty imposed under Section 114A of the Customs Act, 1962. Therefore, the redemption fine of ₹ 22 lakhs imposed by the Original Adjudicating authority is reduced to ₹ 7 lakhs. - Appeal disposed of
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