2008 (11) TMI 694

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the respondent JUDGEMENT 1. This petition is directed against the order passed by the Tribunal, by which the Tribunal after giving cogent reasons has allowed the petitioner to deposit Rs. 2 crores instead of Rs. 4,90,93,914/- and also waived the penalty of Rs. 4,90,93,914/- as ordered by the Commissioner of Customs (Import). The Tribunal has given cogent reasons and in fact liberal view has....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... buyer and seller. c) The declared CIF value is ten times less than the actual freight paid / payable. d) The Article 7 of the exclusive distributorship agreement was for pricing on FOB basis unless specially agreed in writing whereas the invoices were on CIF basis, and no document for change in invoicing put forward by the importer. e) Both Nikkalite brand of M/s.Nippon....