2017 (1) TMI 1306

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hri D. N. Panda, Judicial Member and Shri Madhu Mohan Damodhar, Technical Member For the Appellants : None [For Sl. No. 1],   Shri M. Karthikeyan, Adv. [For Sl. Nos. 2 to 5] For the Respondent :  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.  In other four cases in Appeal Nos.C/00020....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... proper. 5.  Heard both sides and perused the records. 6.  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 1350882 2166608 520000 210000 C/20/2007 Aiswarya Enterprises 671....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he 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 enhancement and the assessable value determined and other relevant factor of age of machines, it is considered proper to reduce the redemption fine and penalty to the fol....