TaxTMI 
TaxTMI 
2018 (2) TMI 1421
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..... Majhi, AR for the respondent. ORDER Per: B. Ravichandran The appellant imported glass chatons through ICD, TKD and filed bills of entry on 28.09.2015. On examination of the cargo and verification of the documents filed with the bills of entry, Revenue found that the quantum and description of the product and the value declared appeared to be not acceptable. There were discrepancies in the c....
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....with option to redeem on payment of redemption fine of Rs. 12 lakhs under Section 125 of the Customs Act, 1962. 2. Ld. Counsel appearing for the appellant submitted that they have asked for first check of cargo. There were minor discrepancies in the contents of the imported cargo, as declared. However, regarding the valuation, ld. Counsel for the appellant fairly admits that the invoice recovered....
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....1.41 lakhs. Further, regarding not accepting both the invoices, ld. AR submitted that the product is admittedly mis-declared for description and the contents and this importation from China are regularly being monitored for misdeclaration. The value declared during assessment was proved to be fake and admitted by the importer, who paid the duty for clearing the cargo. In fact, the appellant asked ....
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....d requested for assessment of goods and paid the duty along with the penalty and redemption fine to clear the cargo. Waiver of show cause notice and requirement for personal hearing has also been done by the appellant. The appellant have duly been informed about the correct value proposed by the Revenue. The same has been accepted. Now before us, the appellant is making a plea that detailed reason....