2012 (9) TMI 463

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..... na Wadhwa, Meber (J)]. - Nobody appeared for the Appellant. Accordingly we have heard Shri K.K. Jaiswal, learned DR appearing for the Revenue and have gone through the impugned order passed by Commissioner (Appeals). 2. As per facts on record the appellant filed a bill of entry dated 7-3-2006 declaring the goods as lighting fixtures with the total assessable value as US $ 7481.21 equivalen .....

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..... e value and to confirm the differential duty of Rs. 1,80,466/-. The said notice culminated into an order passed by the original adjudicating authority confirming the differential duty demand, confiscating the goods with redemption fine of Rs. 1.50 lakhs and imposing separate penalties of Rs. 50,000/- each on both the appellants i.e. M/s. Deepak International as also on its Proprietor Shri Deepak B .....

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..... should be cleared to them as early as possible. In any case the said statement was reiterated at the very first available opportunity. 6. On going through the impugned orders we find that the appellate authority has upheld the order of the lower authority basically on the ground that the assessable value at the time of import is a deemed value and has to be arrived at in terms of the Section .....

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