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2016 (5) TMI 737 - CESTAT AHMEDABADImposition of Redemption fine and penalty - Re-determination of assessable value - Proper classification of goods i.e. Indian Hand knotted Woollen Carpet - No intention to evade any duty or violate any license prohibitions - Held that:- the issue of proper classification of goods is to be decided and it is seen that the department has done so on physical examination of the sample drawn, and on the basis of an earlier test report of similar goods. As regards valuation, it is observed that the Dept. has made market inquiries and the final value was re-determined on the basis of local prices and ECDB data. It is observed that ECDB data relied upon is not for identical goods. It is for similar goods of 50% wool, and/or 80% jute and 20% cotton. Hence, the case not found to be fit to warrant imposition of redemption fine under Section 125 or penalisation under the provisions of Section 114 of the Customs Act 1962. - Decided in favour of appellant
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