TMI Blog2016 (12) TMI 1154X X X X Extracts X X X X X X X X Extracts X X X X ..... ble 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 ₹ 47,21,686/-, is excessive as 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he records. 3. The issue involved in this case 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 made in the bill of entry matched with the quantity on examination by the customs authorities. The lowe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onsignment of marble is liable for confiscation under Section 111(d) of Customs Act, 1962 due to misdeclaration of the value. However, we do not agree with the redemption fine imposed by the adjudicating authority in lieu of confiscation. The adjudicating authority has imposed redemption fine of ₹ 16 lakhs as against the value of ₹ 47,21,686/- redetermined in our considered view, is ex ..... X X X X Extracts X X X X X X X X Extracts X X X X
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