TaxTMI 
TaxTMI 
2015 (11) TMI 1397
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....r: Shri Ramesh Nair This appeal is directed against Order-in-Appeal No. RK/18/NGP-Cus/2004 dated 29.01.2004 passed by the Commissioner of Customs, Nagpur, wherein the Ld. Commissioner in the appeal filed by the appellant, passed the following order: (i) the penalty imposed by the lower authority under Section 112(a) of the Customs Act, 1962 is reduced to Rs. 60,000/- (Rs. Sixty Thousand Only) (....
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....ription, model no. and quantity were verified. In the examination, the goods were found to be old and used 15 colour monitor with the make, model no., country of origin and year visible on the main frame. The monitors were of assorted brands. The Customs Officers observed that import of old and used goods without a licence was restricted in terms of Para 2.32 of the Exim Policy. The Officers furth....
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....387/- and ordered levy on custom duty on such value. He also ordered confiscation of the imported goods value Rs. 7,87,387/- under Section 111(d) and 111(m) of the Customs Act, 1962. He allowed the redemption of goods on payment of redemption fine of Rs. 5,00,000/- under Section 125(1) of the Customs Act, 1962. He also imposed the penalty of Rs. 1,20,000/- under Section 112(a). 6. Being aggrieved....
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....uantum of differential value in the present case, the redemption fine and penalty imposed by the Ld. Commissioner is still very higher-side and unreasonable. He submits that in view of the overall facts of the case and conduct of the appellant, redemption fine and penalty imposed by the Ld. Commissioner deserve reduction. In support of his submission, he laced reliance on the judgment of this Trib....