Home Case Index All Cases Customs Customs + AT Customs - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 517 - AT - CustomsMisdeclaration of value of imported goods - undervaluation - Revenue entertained a view that the appellants did not declare the correct value for duty purposes and admitted to short paid customs duty by not including the cost of design in the value of the impugned goods - confiscation - penalty - Held that: - The original authority recorded that even after two months of filing Bill of Entry, the appellant did not come with full explanation to justify their initial declaration of value or bonafideness in not declaring the correct value. It is apparent and clear that the detailed investigation and follow up by the officers has brought out various facts which did not support the case for bonafine belief on the part of the appellants. The non-inclusion of design charges is, admittedly, not in line with the valuation provisions. The redemption fine imposed is 10% of the value of assessment and the penalty is 5% of such value. These cannot be considered as excessive. Appeal dismissed - decided against appellant.
|