2015 (12) TMI 646

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.... S. Jain, AR, for the Respondent. ORDER Both the appeals are being disposed of by a common order as they arise out of the same impugned order passed by the authorities below. 2. After hearing both the sides duly represented by Ms. Saurabhi Sinha, Advocate and Shri S. Jain, DR for the respondent, we find that M/s. Sonal Enterprises imported cosmetics from China and filed bill of entry decla....

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....of personal penalty. Penalty of Rs. 1,00,000/- was imposed upon the Director. 5. The order passed by the original adjudicating authority was confirmed by the Commissioner (Appeals). Hence, the present appeal. 6. The appellant have taken a categorical stand that the goods were purchased on stock lot basis and at the transaction value reflected in the invoice. This fact is clear from the....