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2022 (10) TMI 1018 - AT - CustomsHawala transactions - valuation of imported goods - import of furniture from China - undervaluation of the furniture to the extent of 17% and the undervalued amount have been transacted through hawala - Recovery of differential duty - interest and penalty - Confiscation - HELD THAT:- The under valuation has been established on the basis of confessional statements given by various witnesses in their statement. Therefore, more or less there is no dispute about the charge of under valuation against the appellant. The appellant have mainly harped on the excessive imposition of redemption fine. Considering the gravity of the offence committed by the appellant under a systematic modus operandi, the redemption fine imposed by the Lower Authority appears to be proper. The offence committed by the appellant has not been rebutted by the appellant in many words. Moreover, the under valuation has been clearly established on the basis of the statements given by various persons, which were never retracted. The transaction of the deferential value due to under valuation made by hawala has also been proved by the Revenue - there are no reason to interfere in the impugned order - appeal dismissed.
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