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2016 (9) TMI 25 - CESTAT CHENNAI

2016 (9) TMI 25 - CESTAT CHENNAI - TMI - Imposition of redemption fine - transmission of higher value to the exporter flow of money to the exporter in China mistake on the part of exporter mistake detected, rectified and import made on actual value - Held that: - this is not a case of any innocence of the exporter but it 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 redemp .....

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espondent ORDER The matter was examined from time to time. Revenue was directed to clarify from the bank and find out the flow of money to the exporter in China. It was revealed that a higher value was transmitted to the exporter. 2. The appellants contention all along is that it was an inadvertent mistake at the end of the exporter for which the appellant has not involved itself to cause any evasion. The import was agreed at USD 48. However, invoices came valuing the goods at USD 46. But, sinc .....

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