TMI Blog2016 (12) TMI 823X X X X Extracts X X X X X X X X Extracts X X X X ..... that the goods imported are calcareous stone other than marble, which should be imported only under specific license during relevant period. To that extent, I uphold the impugned order. As regards the redemption fine imposed, I find that the adjudicating authority has imposed redemption fine of ₹ 38 lakhs as against the landed cost of ₹ 23 lakhs or the market price of ₹ 61 la ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o ₹ 2 lakhs. The penalties imposed by me are as per the various decisions of the Tribunal, wherein it was held that the penalty should be imposed @ 10% of the value of the landed cost of the imported goods. Appeal disposed off - quantum of redemption fine and penalties reduced - decided partly in favor of appellant. - Appeal No. C/688 & 689/06 - Order No. A/94275-94276/16/SMB - Dated:- 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancing the value and also holding that there is mis-declaration on part of the appellants in terms of description i.e. the appellant described the goods imported as marble block which was in fact calcareous stone, which was restricted. The appellant discharged the customs duty liability on the enhanced value and contested the matter before the adjudicating authority. The adjudicating authority uph ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , I find that the adjudicating authority has imposed redemption fine of ₹ 38 lakhs as against the landed cost of ₹ 23 lakhs or the market price of ₹ 61 lakhs. Various decision of the Tribunal on the same issue is that the redemption fine is to be imposed @ 20% of the enhanced value which in that case approx ₹ 4.6 lakhs, which I find will meet the ends of justice. Accordingl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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