1998 (7) TMI 372

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....JDR, for the Respondent. [Order per : Justice U.L. Bhat, President]. - Commissioner of Customs, Cochin has filed this application seeking rectification of mistake said to have been committed in Final Order No. 178/98-A, dated 6-2-1998. The application was opposed by the respondent. We have heard both sides. 2. The common order-in-original dated 29-9-1994 passed by the Collector of Cu....

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....ed out. In the final order, we held that the assessable value shall be based on the price of Rs. 73.00 per gross. This would naturally result in considerable reduction in the quantum of differential duty. Having regard to the entirety of circumstances, we reduced the penalty to Rs. 1 lakh. 3. The penalty imposed by the Collector was to the tune of Rs. 6 lakhs. This is seen referred to in p....