TMI Blog2016 (11) TMI 1324X X X X Extracts X X X X X X X X Extracts X X X X ..... submits that in this case, there is no justification for reduction of redemption fine as was done in the previous case - the mistake happened because of the mistakes in invoices issued by the suppliers on the basis of which they filed bills of entry. He also submitted that the goods are subjected to examination before clearance. He therefore submits that leniency in this case may be shown and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt herein M/s. Abaj Electronics Pvt. Limited is engaged in trading of LED TVs and had imported consignment of LED TVs and filed Bill of Entry No. 9428238 dated 02.6.2015 for clearance of the said goods. The goods were covered under assessment and clearance based on MRP value. The importer had declared MRP of ₹ 3,990/- for 17 TVs and ₹ 4,990/- for 19 TVs in the Bills of Entry. However, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the level of differential duty amount. Hence, he submitted that in this case also the same ratio may be followed. 3. Ld. Authorised Representative for Revenue vehemently argued that the appellant is a habitual offender and this is the second time he is coming before this Tribunal on identical issue. There is no excuse for not declaring the correct value in the Bills of Entry. He therefore sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hority may be reduced. 4. On careful consideration of the submissions of both sides and perusal of records, we find that there is a case for reduction of redemption fine of ₹ 8 lakh imposed by the original adjudicating authority in the peculiar facts and circumstances of the present case. Hence, redemption fine is reduced to ₹ 2,00,000/- (Rupees two lakh only). Impugned Order-in-App ..... X X X X Extracts X X X X X X X X Extracts X X X X
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