2005 (8) TMI 449

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....ri S.N. Kantawala, Advocate, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. - Revenue by this appeal wants enhancement of redemption fine and penalty on the consignment of Rough Marble Blocks imported on 26-10-1998 vide Bill of Entry 144, dated 11-1-1999 Customs House, Goa. 2. The Commissioner vide the impugned order has relied upon and worked out and margins in the follo....

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....en as selling price of Beige colour Iranian Rough Marble Blocks. For coloured Marbles like Red the price of Rough Marble Blocks has been taken as Rs. 12,500/- PMT (ex-Goa) for the purpose of determining Margin of Profit. The perusal of the above finding we found that market price were worked out and thereafter the application of amount in Margin of Profit is determined and redemption fine arriv....

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.... 24,870/- PMT On the basis of above gross MOP works out as under :- 1. Declared CIF value or (1 US $=Rs. 42.75) :- US $ 29, 975.920 Rs. 12,81,471.00 2. Duty Paid :- Rs. 8.35,200.00 3. Landed Cost (1+2) :- Rs. 21,16,671.00 4. Market price,       Blocks     (a) Red colour 16.140 M.Ton     ....