2014 (12) TMI 69

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....r (AR) JUDGEMENT Common issue is involved, therefore, the appeals are being taken up together. 2. M/s GKB Vision Ltd. filed appeal against the imposition of penalty of Rs. 1,50,000/- and Shri K.G. Gupta filed appeal against the imposition of penalty of Rs. 5,000/-. 3. The brief facts of the case are that the appellants are 100% EOU and they were allowed to import Second Hand capital go....

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....nt Commissioner and the Asstt. Development Commissioner vide letter dated 23.1.2004 enhanced the value of capital goods of USD 3,00,000/-. The Asstt. Development Commissioner modified the earlier permission by enhancing the value of imported goods. In view of the above modified permission, there is no demand of duty. 4. The contention of the appellants is that it is a bonafide mistake that cert....