2016 (9) TMI 25

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....ined from time to time. Revenue was directed to clarify from the bank and find out the flow of money to the exporter in China. It was revealed that a higher value was transmitted to the exporter. 2. The appellants contention all along is that it was an inadvertent mistake at the end of the exporter for which the appellant has not involved itself to cause any evasion. The import was agreed at USD....

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....he process of clearance of the goods. When it was detected, the undervaluation was noticed. 5. Keeping the aforesaid aspect in view and also the entire value of the goods is Rs. 18,00,199/-, the imposition of redemption fine of Rs. 1,80,000/- (Rupees one lakh eighty thousand only) as 10% of the value of the goods may not be unjustified. It is ordered accordingly. 6. So far as penalty is concerne....