1999 (9) TMI 458

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....mber (T)]. -  This is an appeal against order-in-original No. 53/92, dated 30-4-1992 passed by the Additional Collector of Customs, Mangalore wherein the used diesel engines and marine engines spare parts valued at Rs. 3,63,230/- were considered on import under Bill of Entry No. 594, dated 3-4-1992 and the value was enhanced to Rs. 4,08,342/- under Section 14 (1) of the Customs Act, 1962. Th....

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....to cover the similar import. He prays for applying the ratio thereof in this case also. 5. Ld. DR reiterates the order-in-original and submits that since the case cited by ld. Advocate was of 1994 and the prices thereof have increased in terms of exchange rates and inflation, therefore the said percentage of fine and penalty need to be corrected in these terms even if the ratio thereof is to....