Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

M/s. Akash Stone Industries Ltd. Versus Commissioner of Customs (Import) , Mumbai

2016 (12) TMI 1154 - CESTAT MUMBAI

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 consig .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

when the redetermination of value is accepted and customs duty liability is discharged if there is no allegation that there was misdeclaration of quantity, tribunal has been taking a consistent view that the redemption fine should be 20% of the enha .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

. - 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 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

se is regarding the redemption fine and penalty imposed by the adjudicating authority on the irregular importation of marble slabs. 4. There is no dispute as to the fact that there was receipt of quantity of marble as invoiced, as the declaration mad .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

orted 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 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

value and importer appellant has discharged the customs duty accordingly. We agree with the finding of the adjudicating authority that the imported consignment of marble is liable for confiscation under Section 111(d) of Customs Act, 1962 due to mis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

1,686/- redetermined in our considered view, is excessive. Normally when the redetermination of value is accepted and customs duty liability is discharged if there is no allegation that there was misdeclaration of quantity; tribunal has been taking a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version