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2016 (9) TMI 974 - AT - CustomsEnhancement of value - demand of differential duty - import of second hand cannon copiers - examination of goods by department and SIIB - unauthorized import - prices of some of the models were found higher than the prices declared by importers - Held that: - proceeding sequentially through rules 5 to 8 of the Customs valuation Rules, 1988 to determine the value of the goods under reference is the correct methodology to be followed - no infirmity found in the assesseble value arrived. Imposition of redemption fine under section 125 of the Custos Act, 1962 - Held that: - the appellant did not produce required license for importation rendering the import unauthorized and in violation of Sections 3(2) and 3 (3) of the F T(D& R) Act, 1992. The goods become liable to confiscation under section 111(d) of the Customs Act, 1962 - goods becoming liable to confiscation thereby option available to appellant to pay redemption fine in lieu of confiscation - imposition of redemption fine within ambit of law and also reasonable in quantum. Imposition of penalty under section 112(a) of the Act also justified - appeal dismissed - decided against appellant.
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