2016 (9) TMI 25

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..... was well within the knowledge of the exporter and the appellant was in the process of clearance of the goods. When it was detected, the undervaluation was noticed – redemption fine not justified. Imposition of penalty under section 112(a) of the Customs Act, 1962 – Held that: - The mis-declaration having been made is liable for confiscation, reduced amount of penalty imposed – order of appellat .....

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..... stake was detected that was rectified and import was made only on the actual value. 3. Revenue on the other hand says that had there been no detection, the goods would have escaped from the confiscation. 4. Appellants view that it is an importer under advance authorization and there should not be any harsh approach made in this case does not deserve any consideration. Record reveals that th .....

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