2003 (5) TMI 437

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....Piyush Kumar, Advocate and A.K. Mishra, Consultant, for the Appellant. S/Shri V.K. Khosla, SIO and Sanjeev Prabhakar, IO, for the Department. [Order]. - M/s. Fashion Sourcing (hereinafter referred to as the Applicant) S/Shri Arun Dhand and Shri Bhupinder Singh (henceforth referred to as the Co-Applicants) have filed an application under Section 127B of the Customs Act, 1962. The applicant....

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....042, dated 30-8-2001 already released provisionally should not be held to be correctly classifiable under chapter sub-headings 6001.92, 5804.10, 5407.42, 59.07 and 6001.22 respectively of the Customs Tariff Act, 1985. (ii)      The said fabrics imported vide Bill of Entry No. 1042 dated 30-8-2001 and misdeclared by the importer valued at Rs. 11,68,595/-(Assessable value....

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....icants accept the entire liability of Rs. 11,20,177/- as referred to in the Show Cause Notice. The applicant has already made a deposit of Rs. 5,50,000/-. Incidentally, it was mentioned that Rs. 5,50,000/- has been appropriated by encashing the bank guarantee. 4. The representative of Revenue submitted that the action of the applicant in mis-classifying the imported products is not bona fi....