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Valuation of imported goods - on the basis of wrong documents submitted by the overseas entity, the appellant had filed the Bills of Entry, the lenient approach can be adopted in reducing the quantum of redemption fine and penalty imposed on the appellant. Therefore, the impugned order is modified to, the extent of reducing the redemption fine to Rs. 04 lakhs and penalty to Rs. 01 lakh respectively. - AT
Valuation of imported goods - on the basis of wrong documents submitted by the overseas entity, the appellant had filed the Bills of Entry, the lenient approach can be adopted in reducing the quantum of redemption fine and penalty imposed on the appellant. Therefore, the impugned order is modified to, the extent of reducing the redemption fine to Rs. 04 lakhs and penalty to Rs. 01 lakh respectively. - AT
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