2008 (11) TMI 518

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....Panda, Jt. CDR, for the Respondent. [Order per : P.K. Das, Member (J)]. - The relevant facts of the case, in brief, are that the appellant imported "Hook and Loop tapes (Velcro Tape)" vide bill of entry No. 105284 dated 31st May, 2004. It has been alleged that the appellant undervalued the goods. The Customs officer recorded the statement of Shri Ravi Malhotra Director of Appellant on 9-6-04....

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....d they have no knowledge on the procedure and the statements were recorded under duress and coercion. He also submits that there is no material placed by the Revenue for enhancement of the value. He relied upon the various decisions of the Tribunal on this issue. Alternatively, he submits that the amount of fine and penalty are excessive. 3. Learned DR reiterates the findings of the Commis....