2009 (10) TMI 752

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he Respondent. 45/261 2.  Heard both sides. 3.  The relevant facts in brief are that the appellant imported a consignment of acrylic off-cuts of different sizes and thickness and as acrylic sheets pieces of different sizes and thickness. The appellant also sought for examination of the goods on first check basis and accordingly 100% examination of the consignment of the goods wa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the value @ US$ 450 per MT in respect of acrylic off-cuts and @ US$ 930 in respect of acrylic sheets. He also ordered for confiscation of the goods valued at Rs. 32,76,033/- but allowed the same to be released on payment of redemption fine of Rs. 5 lakhs. He also imposed penalty of Rs. 1 lakh on the importer. 4.  The learned Advocate for the appellant submits that they have ordered for acr....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... value of the imported goods was erroneous. 5.  Learned SDR reiterates the findings of the Commissioner. 6.  We have considered the submission from both sides. It is not in dispute that the goods found were acrylic sheets in huge quantity compared to what they have declared as acrylic sheets pieces, acrylic off-cuts. Acrylic sheets are admittedly imported by other parties at a pric....