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2016 (9) TMI 25 - AT - CustomsImposition of redemption fine - transmission of higher value to the exporter – flow of money to the exporter in China – mistake on the part of exporter – mistake detected, rectified and import made on actual value - Held that: - this is not a case of any innocence of the exporter but it was well within the knowledge of the exporter and the appellant was in the process of clearance of the goods. When it was detected, the undervaluation was noticed – redemption fine not justified. Imposition of penalty under section 112(a) of the Customs Act, 1962 – Held that: - The mis-declaration having been made is liable for confiscation, reduced amount of penalty imposed – order of appellate authority modified – decided partly in favor of appellant.
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