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2016 (11) TMI 32 - CESTAT NEW DELHI

2016 (11) TMI 32 - CESTAT NEW DELHI - TMI - Confiscation of consignment u/s 111 (m) of CA, 1962 - option to redeem on payment of redemption fine u/s 125 - imposition of penalties u/s 112 (a) - import of 60 pieces of heater - Held that: - The courier bill of entry filed by the importer was accompanied with an invoice for U.S. $ 105 FOB. The revised invoice indicating the correct value of the import goods as U.S. $ 3,000 was submitted by the importer only after it was noticed by the Customs that t .....

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Thousand) under Section 125 of the Customs Act. I also reduce the penalty imposed under Section 112 (a) to ₹ 20,000/- (Rupees Twenty Thousand). - Imposition of penalties u/s 114 (AA) - Held that: - false and incorrect material not found - penalty set aside. - Appeal disposed off - decided partly in favor of appellant. - Customs Appeal No. 52374 of 2016 (SM) - Final Order No. 53601/2016 - Dated:- 15-9-2016 - Shri V. Padmanabhan, Member (Technical) Shri Kumar Vikram, Advocate - for t .....

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fficers, produced revised invoice dated 12/8/14 for U.S. $ 3,000 (FOB) alongwith bank remittance certificates. The goods were accordingly reassessed at the higher assessable value of ₹ 2,26,994/-. The Customs duty was paid accordingly and goods were cleared after adjudication. In the original adjudication proceedings vide order dated 28/8/14 the import goods were order for confiscation under Section 111 (m) of the Customs Act, 1962 and was given an option to redeem on payment of RF ₹ .....

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