2014 (1) TMI 1784

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....(AR), for the Respondent. ORDER The appellants are in appeals against the impugned order wherein a redemption fine of Rs. 15,00,000/- has been imposed on M/s. Turakhia Ferromet Pvt. Ltd., and a penalty of Rs. 3,00,000/- has been imposed on M/s. Mitusutor Shipping Agency Pvt. Ltd., under Section 112(a) read with Section 30 of the Customs Act, 1962. 2. Brief facts of the case are that the sh....

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.... wherein the shipping line sought amendment in IGM only to change the name of the consignee and no other amendment regarding change in either the gross weight or the number of coils. In these circumstances, the observation of the learned Commissioner that it may be an effort to suppress the transaction value is not sustainable without producing any evidence on record that there may be variation in....