2008 (6) TMI 421

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.... the Appellant. Shri Ajay Saxena, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - The appellants herein filed Bill of Entry in September, 2002 for import of machine and spares, namely, second-hand Barber-Colman warp drawing machine and spares for textile machine which were supplied from Italy. As per the declaration filed by the importer, the year of fabricati....

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....achine with option to redeem the same on payment of Rs. 8,00,000/- and also imposed personal penalty of Rs. 1 lakh. Hence, this appeal. 2. We have heard both sides. The appellants do not dispute that the import was not valid; however, they dispute the loading of value of the machine. We find that the value of the goods was enhanced by the Commissioner on the basis of the certificate of M/s....