TaxTMI 
TaxTMI 
2000 (8) TMI 841
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.... : Archana Wadhwa, Member (J)]. - Vide the impugned order the Commissioner (Port) has ordered for confiscation of the imported betel nuts totally valued at Rs. 47,58,008.60 with an option to the appellant to redeem the same on payment of redemption fine of Rs. 20 lakhs. Personal penalty of Rs. 5 lakhs has also been imposed. The said order has been passed on the ground of under-valuation of ....
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....high redemption fine and personal penalty. 3. We have also heard Shri R.K. Roy, ld. JDR, for the Revenue who supports the impugned order. 4. We find that during the course of investigations and provisional clearance of the goods the appellant agreed to raise the assessable value of the goods to US $ 455.82. The Commissioner has also not solely based the enhancement on the wholesale mar....
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....find any justification for setting aside the findings of the Commissioner as regards the under-valuation of the goods or as regards the contravention of import policy provisions. However, the appellant have prayed for reduction in redemption fine and penalty on the ground that they acted bona fide and were under the impression that the betel nuts are importable under OGL It has also been argued th....