9911796707
TMI Blog2013 (5) TMI 97X X X X Extracts X X X X X X X X Extracts X X X X ..... ellant imported food supplements from M/s. Max Muscle, USA and M/s. Nutrition Global LLC and filed two Bills of Entry No. 525053 and 525025 both dated 2-8-2006 at ICD, Tuglakabad, New Delhi. The assessable value declared was Rs. 3,94,896/- for Bill of Entry 525053 and Rs. 1,80,878/- for Bill of Entry 525025. Since the value declared by the appellant appeared to be not correct, Revenue conducted en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , 1962 and redemption fine of Rs. 1,00,000/- and Rs. 30,000/- for the Two Bills of Entries were imposed. Further a penalty of Rs. 60,000/- was imposed on the importer under Section 112 of the Customs Act, 1962. Aggrieved by the order, the appellant filed an appeal with the Commissioner (Appeals) who did not give any relief. Aggrieved by the order of the Commissioner (Appeals), the appellants have ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is very harsh without having regard to the differential duty involved. Considering that the differential duty involved would be only about Rs. 84,000/- if undervaluation at the rate of 30% is taken. 3. Opposing the prayer of the appellant, the ld. AR for Revenue submits that in this case the appellant in his own statement under Section 108 of Customs Act had admitted regarding undervaluation of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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