2011 (7) TMI 371

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....the Appellants Shri T.H. Rao, SDR for the Respondent Per Jyoti Balasundaram Under the impugned order the adjudicating authority has confiscated items such as Panasonic video cassettes, Sony video cassettes, audio cassettes, floppy disc etc. on the ground that the importers had undervalued the same, with an option of redemption on payment of fine of Rs. 4 lakhs and imposed a penalty of Rs. One....

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....d by them and only requested for a lenient view as regards fine and penalty. The decisions of the Tribunal in Khushiram Beharilal Vs. Commissioner of Customs - 1997 (94) ELT 129 holding that an offer to pay duty for the purpose of obtaining clearance or waiver of show-cause notice cannot be construed as acceptance of loaded value and the decision in Time Masters vs. Commissioner of Customs, Nhava ....