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2017 (4) TMI 1201 - CESTAT BANGALOREImposition of redemption fine and penalty - Section 112(a) of the CA, 1962 - valuation - the quantity and description of the goods differ from invoice produced by the party - case of appellant is that Mere presumption of investigating officer without considering the value of contemporaneous import is not a reason to allege undervaluation - Held that: - There is no material on record to show that the appellant has suppressed the material facts from the customs authorities - Further, in similar circumstances, the customs has loaded the price but did not impose any redemption fine and penalty - appeal allowed - decided in favor of appellant.
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