2017 (1) TMI 1306

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.... 42111-42115/2016<br>Customs<br>Shri D. N. Panda, Judicial Member and Shri Madhu Mohan Damodhar, Technical Member For the Appellants : None [For Sl. No. 1], &nbsp;&nbsp;Shri M. Karthikeyan, Adv. [For Sl. Nos. 2 to 5] For the Respondent : &nbsp;Shri B. Balamurugan, AC (AR) ORDER None appeared for the appellant in Appeal No.C/00012/2007 in the case of M/s. Luxmi International. 2. &nbs....

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...., imposition of redemption fine and penalty was proper. 5. &nbsp;Heard both sides and perused the records. 6. &nbsp;The scenario of the imposition of redemption fine and penalty as well as enhanced and declared value in all the five appeals are as under:- Appeal No Appellant Declared Value Enhanced Value Fine Imposed Penalty Imposed C/12/2007 Luxmi International ....

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....ustified. 8. &nbsp;Further, the basis that was adopted by Revenue does not disclose that any irrelevant considerations were made by the authority below to enhance the value abnormally and irrationally. Therefore, the order of the authority below in so far as the valuation is concerned, that remained untouched by this order. 9. Coming to redemption fine and penalty, looking to the extent of e....