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2018 (6) TMI 391 - CESTAT CHENNAIQuantum of redemption fine - penalty - Valuation of imported goods - Printing Rollers - undervaluation - mis-declaration of the goods as regards the country of origin - intent to evade - Confiscation - Held that:- The original authority arrived at a conclusion that there was mis-declaration of the goods as regards the country of origin with a sole view to evade duty of customs. The said fact also was further corroborated by un-retracted statement of the importer. It is also seen that the importer, in his statement recorded during investigations, gave the details of the original price of the goods, which tallied with the manufacturer's price and the reduced price as reflected in the invoices. The differential duty is only to the extent of ₹ 2,00,000/-, which stands confirmed by us as not challenged. As such, we agree with the Ld. Advocate that the redemption fine of ₹ 4,00,000/- is on the higher side - quantum of redemption fine as well as penalty reduced - appeal allowed in part.
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