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TMI Blog2015 (7) TMI 148X X X X Extracts X X X X X X X X Extracts X X X X ..... Archana Wadhwa: The dispute in the present appeal relates to the valuation of the old and used second hand imported monitors and computer parts. For better appreciation, for the reasons adopted by the Revenue, for enhancement of the assessable value, we reproduce the relevant paragraphs:- 5. As regards the enhancement of the declared assessable value is concerned, the same has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mport of old and used items, the assessable value is enhanced as per the regular practice. We are afraid we do not find ourselves in agreement with the above views of the Appellate Authority. The assessable value has to be arrived at on the basis of the provisions of Customs Valuation Rules, 2007, which have been the subject matter of various decisions of High Courts, in which it stands held that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mption fine from Rs. 3.30 Lakhs to Rs. 2.50 Lakhs and penalty from Rs. 1.30 Lakhs to Rs. 75,000/-. Ld. Advocate has brought to our notice the other decision of the Tribunal where the redemption fine was reduced to 10% and penalty to 5%. Our attention stands drawn to a latest decision of the Honble Punjab & Haryana High Courts decision in the case of B.E. Office Automation Products vide fin ..... X X X X Extracts X X X X X X X X Extracts X X X X
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