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2016 (9) TMI 73 - CESTAT CHENNAI

2016 (9) TMI 73 - CESTAT CHENNAI - 2016 (341) E.L.T. 409 (Tri. - Chennai) - Imposition of penalty lenient consideration on the quantum of penalty IE code mis-declared imports rejection of declared value Held that: - racket of smugglers abused the IE code granted by DGFT and also mis-declared the goods and upon detection of the mis-declaration they have vanished. When statements were recorded from different importers, the authority also found that benami transactions were made and some .....

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icating Commissioner. 2. Revenue says that this appellant was instrumental to lend his IE Code for all mis-declared imports which has caused huge damage to Revenue. The declared values were rejected and the goods were confiscated, importers vanished and they did not come forward to take clearance of the goods. Even those importers have not come in appeal nor cooperated with the adjudicating authority. In such an event, granting any leniency to this appellant shall be a bonus to the bogus importe .....

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