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M/s. J.N. Textile Versus Commissioner of Customs (Import) , Chennai

2016 (9) TMI 25 - CESTAT CHENNAI

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 .....

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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 appellate authority modified decided partly in favor of appellant .....

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rom 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 in .....

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fied 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 ther .....

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