TMI Blog2017 (7) TMI 379X X X X Extracts X X X X X X X X Extracts X X X X ..... appellant did not declare the correct value of the goods and the goods imported are also restricted items. In such circumstances, taking into consideration of the facts, the redemption fine and penalty imposed by the Commissioner is reasonable and does not warrant any interference - appeal dismissed - decided against appellant. - C/153/2007 - 41011/2017 - Dated:- 16-6-2017 - Smt. Sulekha Beevi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (iv) used Wohlenberg paper cutting machine with standard accessories. They had declared the value of the goods as JPY 620,000 viz., ₹ 3,25,762/- and enclosed the suppliers Chartered Engineers Certificate for the said value. The suppliers Foreign Engineer inspected the above goods and appraised the value of the imported machines as JPY 620,000. However, the department rejected the value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lue and was confining the challenge in the appeal on the redemption fine and penalty imposed. He argued that the Commissioner has not arrived at the margin of profit by conducting market enquiries and the redemption fine imposed is very high and unjustified. So also that the appellants had declared the value of the goods as per the Chartered Engineers Certificate issued by the loading port and the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Heidelberg Offset Printing Machine with Standard Accessories SORS 3,00,000 30,00,000 9,28,00 2 (ii) used Heidelberg Offset Printing Machine with standard accessories KORDS 1,50,000 13,35,000 4,00,000 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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