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2017 (2) TMI 355 - AT - CustomsClassification of goods - Rotavapor R-220 - Held that: - Finding that the goods is of specific description under CTH 8419, classification under this heading confirmed. Valuation - Held that: - it is common sense that with the change in the classification, the valuation is bound to be disturbed - the goods valued at ₹ 27,09,723/- and considering 10% value thereof as normal profit, he imposed a redemption fine of ₹ 2,70,000/- under Section 125 of the Customs Act, 1962. That also does not warrant any interference. Imposition of penalty - Held that: - when the confiscation remained untouched, Section 112(a) penalty is bound to flow. Considering the value of the goods and extent of Revenue loss made by the appellant, penalty is also confirmed. Appeal dismissed - decided against appellant.
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