2011 (3) TMI 823

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.... SDR, for the Respondent. [Order per : Mathew John, Member (T)]. -  This case relates to seizure of Watch movements, Button Cells, Watches, Modules for watches, Electronic Calculators, Clock etc seized from 8 business premises of the Appellant in July 2006 September 2006 and January 2007. Some of these items are notified under Section 123 of the Customs Act, 1962 because of which the bu....

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....p;I confiscate goods valued at Rs. 73,48,570/- seized from the various premises as mentioned in the SCN under Section 120(2) of the Customs Act, 1962. (c) I allow the goods under : (i) Sl. No. (a) above to be redeemed on payment of fine of Rs. 20,00,000/- under Section 125 of the Customs Act, 1962 along with all applicable duties and taxes (ii) Sl. No. (b) to be redeemed on....

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....f the Appellant and free their space for their business activities. 5. In the case of a few items they are still interested in redeeming the goods, provided the value is assessed correctly. They have produced Bills of Entries under which they claim that the goods were imported. They submit that this value may be taken for fixing an appropriate redemption fine. They point out that if this i....

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....xorbitantly high. This type of problem is caused quite often by the seizing officers who show very high seizure values to boost up their performance figures and thereafter the department also is not able to sell the goods at the price assessed by them. This is a fit case for granting immediate relief. 9. In the facts and circumstances as above we pass the following orders : (i) &nb....