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2024 (2) TMI 379 - CESTAT NEW DELHIImposition of redemption fine and penalty - export of readymade garments - Overvaluation of goods to claim undue export benefits - inferior quality goods or not - HELD THAT:- To ascertain the value of goods, the Revenue has done market survey in the presence of the representative of the appellant and in the market survey, it was found that the export goods are over valued and the appellant has accepted the same. The learned authorized representative of the Revenue not agreed upon that transportation charges and profit margin cannot be the double of the goods in the facts and circumstances of the case. In that circumstances, it is held that the Adjudicating Authority has rightly held the goods are liable for confiscation. Accordingly, redemption fine and penalty are imposable on the appellant. The redemption fine and penalty are on higher side, accordingly, the redemption fine reduced to Rs. 2,00,000/- and penalty to Rs. 1,00,000/- - appeal allowed in part.
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