2016 (10) TMI 1163

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....a, Member (T) Shri S.K. Sheoran, AR, for the Respondent. ORDER [Order per : Archana Wadhwa, Member (J)]. - ROM application has been filed in terms of Final Order No. 52806, dated 4-7-2014. The appellants have made a prayer to dispose of the ROM on the basis of their grounds taken in the application. Accordingly, we have heard ld. DR appearing for the Revenue. 2. As per the facts o....

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....mption fine (RF) was reduced to Rs. 1.75 Lakhs and penalty was reduced to Rs. 25,000/- for valuation of policy and reduced the penalty to Rs. 50,000 for misdeclaration in quantity of value. 4. The said order of Commissioner (Appeals) was challenged before the Tribunal vide its final order dated 4-7-2014, the under valuation of tyres without metallic frames was set aside. However, it seems ....

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....ing for the Revenue has not been able to give us exact differential duty amount in respect of the undervaluation. However, he has drawn our attention that the duty involvement in respect of undervaluation of both types of tyres i.e. with metallic frames and without metallic frames would be around 2.5 lakhs. We note that out of the said, the Commissioner (Appeals) had already extended the benefit o....