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2016 (12) TMI 1154 - CESTAT MUMBAI

2016 (12) TMI 1154 - CESTAT MUMBAI - TMI - Irregular importation of marble slabs - mis-declaration of value - redemption fine - penalty - Held that: - The adjudicating authority has redetermined the value and importer appellant has discharged the customs duty accordingly - the imported consignment of marble is liable for confiscation under Section 111(d) of Customs Act, 1962 due to misdeclaration of the value. - Redemption fine - redemption fine of ₹ 16 lakhs as against the value of &# .....

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y, we reduce the same to ₹ 5,00,000/-. - Appeal disposed off - decided partly in favor of appellant. - Appeal No.C/141/06 - Order No.A/93996/16/CB - Dated:- 8-11-2016 - Shri M.V. Ravindran, Member (Judicial) and Shri C.J. Mathew, Member (Technical) Shri Sujay Kantawala, Advocate for the appellant Shri C. Singh, AC (AR) for the respondent Per: M.V. Ravindran This appeal is directed against Order-in-Original No. 142/2005/CAC /CC(I)/AKP dated 20.12.2005. 2. Heard both sides and perused th .....

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the contemporaneous value of the goods imported was approx. US $33/sqm and the value was enhanced. It is also the case of the revenue that CIF value of the goods imported was less than minimum limit prescribed in ITC HS policy. A market survey was conducted to ascertain the margin of profit but it was contested by the appellant on the ground that the quantity of imports in the case in hand was huge i.e. 4000/ sqm while the market survey is in respect of items not imported in huge quantity. The .....

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