TaxTMI 
TaxTMI 
2016 (4) TMI 681
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....ant herein M/s Abaj Electronics Pvt. Ltd is engaged in trading of LED TVs and had imported a consignment of LED TVs and filed a Bill of Entry No.7199250 dt.28.10.2014 through their authorized Customs Broker Agent i.e. M/s D.P. Logistics Pvt. Ltd for clearance of the said goods. The goods were covered under clearance on the basis of MRP value. The importer had declared MRP of Rs. 14,590 per LED TV,....
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....ditional Commissioner of Customs, vide impugned Order-in-Original, not only confirmed the demand of the differential duty alongwith interest, but also confiscated the goods with an option to redeem the same on payment of redemption fine of Rs. 22 lakhs and also imposed penalty of Rs. 6,55,682.00 under Section 114A of the Customs Act, 1962. The learned Chartered Accountant submits that they have pa....
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....s on the importer, it amouns to mis-declaration of the goods and therefore, seizure and confiscation of the goods are legally correct and appropriate. He therefore, strongly contends that the redemption fine and the penalty should be sustained. 4. On perusal of the records and after considering the contentions of both the sides, it is clear that there was mis-declaration of the MRP value on the B....