TMI Blog2005 (3) TMI 601X X X X Extracts X X X X X X X X Extracts X X X X ..... Bidhan Chandra, DR, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. The issue involved in both these cases being common, they are disposed of by this common order. 2. The appellants are 100% EOU registered in Surat, Gujarat and their Directors. 3. Consignments declared to contain scarves were sought to be exported through ICD, Tughlakabad, New Delhi. On examination, the o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nalties and offered redemption of the goods on payment of fine. 5. On considering the material, and the submissions made, it is found prohibition of Section 50 of the Customs Act, 1962, which requires that all entries made for export i.e. Shipping Bills, to be correct and no such export can be made without making true and correct entries, have taken place in these cases. This provision has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e is required to be upheld. We would however reduce the penalties on the assessee/EOU from Rs. 2.00 lakhs each as imposed to Rs. 25,000/- each and on the Directors from Rs. 1.00 lakhs each to Rs. 10,000/- each, keeping in mind the reduction in the redemption fine and the fact that duties of excise which was sought to be evaded by these appellants have been paid immediately on detection of this cas ..... X X X X Extracts X X X X X X X X Extracts X X X X
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