2016 (11) TMI 1200

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.... Balamurugan, AC (AR), For the respondent Per: D.N. Panda The precise submission of the appellant in this appeal is that there was rejection of transaction value of the import of "Lux" brand soaps declared by the appellant. Accordingly, department imposed redemption fine of Rs. 6,00,000/- on confiscation of the goods and a penalty of Rs. 5,80,264/- was imposed under Section 114 A of the Cust....

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....adjudicating authority at page 18 and 19 of the impugned order, has brought out the reason for disturbance of the declared value and applied Rule 4 (1) of Customs Valuation Rules, 1998, stating reason therefor. There is no evidence led by appellant importer to controvert the action of the Authority and to rule out application of the said Rule. In absence of any material to suggest that the said Ru....

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.... and measures of law and also the character of the goods subject to MRP. Certain calculations were made by the authority at page-20 of the impugned as to the retail price of the offending goods. Looking to such calculation, a reasonable profit of 20% appears to be the gain made by the appellant importer. Therefore, redemption fine is reduced to 20% of the value of Rs. 23,23,159/- determined by Adj....