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TMI Blog2016 (9) TMI 471X X X X Extracts X X X X X X X X Extracts X X X X ..... : Mr.Sudhir Malhotra, Advocate Present for the Respondent : Mr. Vaibhav Bhatnagar, A.R. & Mr. Rajiv Gupta, Commr. (A.R.) ORDER Brief facts of the case are that the appellant had exported the consignment containing 21 Nos. of high speed steel tape vide ARE-I No.57 dated 19.01.2012 valued at Rs. 22,00,278/- on payment of duty of Rs. 2,24,952. For the said purpose the appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 113 (d) of the Customs Act, 1962 and redemption fine of Rs. 1,00,000/- was imposed in terms of Section 125 (i) of the said Act. Besides penalties of Rs. 2,00,000/- and Rs. 1,00,000/- on the appellant Company and the Directors respectively were imposed under section 114 (iii) of the Act. Appeal against the adjudication order was disposed of by the ld. Commissioner (Appeals) vide th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt of the appellant, when it declared the value in the Customs documents and the enhancement of value is the result of the legal provisions regarding determination of the assessable value for the customs purposes. In this circumstance, confiscation of goods and penalties would not be warranted in the interest of justice Accordingly, the a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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