TaxTMI 
TaxTMI 
2017 (6) TMI 361
X X X X Extracts X X X X
X X X X Extracts X X X X
....er dated 29.05.2014 of Commissioner (Appeals), Customs, New Delhi. 2. The brief facts of the case are that the proceedings were initiated against the respondent with reference to improper valuation of imported goods. After due investigation, a show cause notice dated 28.11.2012 was issued to the respondent to demand differential duty of Rs. 9,82,745/- and to impose penalties apart from confiscati....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e itself, which was issued invoking non-existing provisions, will not technically survive, as the respondents are only pleading for closure of deposit on payment of differential customs duty along with 25% of penalty in terms of Section 28(5), their request merits acceptance. He, as such, directed the Original Authority to verify the facts and close the matter. Aggrieved by this order, the Revenue....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ed, for any reason other than the reasons of collusion or any wilful mis-statement or suppression of facts,- (a) the proper officer shall, within one year from the relevant date, serve notice on the person chargeable with the duty or interest which has not been so levied or which has been short-levied or short-paid or to whom the refund has erroneously been made, requiring him to show....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the importer or the exporter, to whom a notice has been served under subsection (4) by the proper officer, such person may pay the duty in full or in part, as may be accepted by him, and the interest payable thereon under section 28AA and the penalty equal to twenty-five per cent. of the duty specified in the notice or the duty so accepted by that person, within thirty days of the receipt of the ....