9911796707
TMI Blog2005 (12) TMI 512X X X X Extracts X X X X X X X X Extracts X X X X ..... ar, DR, for the Respondent. [Order per : S.S. Sekhon, Member (T.)]. - The appellants are a company registered abroad engaged in India providing services to the Contracting Agencies like logging, perforation, stimulation, tools and testing etc. For the purpose of their services, they had to import various parts/consumables and accessories. Most of the imports are made from their parent company o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of value and appropriation of amount of Rs. 61,00,000/- deposited voluntarily towards Customs duty should be adjusted against the duty and interest proposed. Vide this notice appellants were called upon to explain why penalty should not be imposed on them under Section 112(a) & (b) of the Customs Act, 1962. The notice does not raise any charge in this para 12 as regards the liability of confiscati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -3-99 and 3-4-99 were ordered to be adjusted towards the above confirmed demand under the provision of Section 28AB. Besides the above order a penalty of Rs. 3,00,000/- (Rupees Three lacs only) under Section 112(a) and (b) of the Customs Act, 1962 was also imposed on the appellants. 4. After hearing both sides and considering the material on records, it is found that :- (a) While ther ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed 30-3-99 could only be extended to 5 years retrospectively in this case from the date of demand. As we find that there was a misdeclaration of value due beyond the period of 5 years retrospective cannot be upheld; (e) We find force in the submission of the appellants made before us to the benefit of Notification No. 86/94-Cus dated 1-3-94 as amended was sought by the appellants before the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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