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2017 (1) TMI 465 - AT - CustomsConfiscation of imported goods - Imposition of redemption fine and penalty - Valuation of goods - Held that: - there is no merit in the appeal as adjudicating authority has correctly held that the the assessable value is less than the value limit prescribed under the Policy, Policy provisions have been violated in this case. To that extent, we uphold the impugned order. the adjudicating authority has imposed redemption fine of ₹ 11 lakhs. The norms, as can be seen from various decisions of the Tribunal on the same issue, is that the redemption fine is imposed @ 20% of the enhanced value which in this case approx ₹ 4 lakh, which we find will meet the ends of justice. Accordingly, the redemption fine imposed on the appellant is reduced to ₹ 4 lakh. As regards the penalty imposed, we find that the penalty imposed on the appellant is not excessive in relation to the value of landed cost of the marble. Appeal disposed off - decided partly in favor of appellant.
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