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2017 (1) TMI 1306 - AT - CustomsValuation - import of old and used photocopier machines - enhancement of value and discarding the declared value - Imposition of redemption fine and penalty - Held that: - there is no whisper about any defence led by appellants to appreciate that there was proper declaration of the imported value. Considering the Chartered Engineer's certificate as well as stream of import of the past, utility of the goods and the future life span of the photocopiers imported, enhancement of declared value made to the above extent is Justified. Coming to redemption fine and penalty, looking to the extent of enhancement and the assessable value determined and other relevant factor of age of machines, it is considered proper to reduce the redemption fine and penalty - appeal disposed off - decided partly in favor of appellant.
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