2014 (10) TMI 912

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....chnical Member) For the Appellant : Priyadarshi Manish & S. Kapoor, Advocates For the Respondent : Amrish Jain and Govind Dixit, ARs ORDER Archana Wadhwa (Judicial Member) All the appeals are being disposed of by a common order as the issue is identical. 2. The lower authorities have confiscated the imported old and used photocopier on the allegation that the same stand imported without the ....

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....an identical issue and has held as under: "2. As is seen from the above, the Appellate Authority has expressed doubts about the transaction value and has observed that in case of import of old and used items, the assessable value is enhanced as per the regular practice. We are afraid we do not find ourselves in agreement with the above views of the Appellate Authority. The assessable value has t....

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....g the said ground but submits that the redemption fine and penalty be reduced in that case. 4. We find that the Commissioner (Appeals) has already reduced the redemption fine from Rs. 3.30 Lakhs to Rs. 2.50 Lakhs and penalty from Rs. 1.30 Lakhs to Rs. 75,000/-. Ld. Advocate has brought to our notice the other decision of the Tribunal where the redemption fine was reduced to 10% and penalty to 5%....