2018 (7) TMI 709

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....pellant: Shri A. K. Jayaraj, Adv. For the Respondent: Shri K. P. Muralidharan, AC (AR) ORDER Per Archana Wadhwa: The challenge in the present appeal is only to redemption fine and penalty of Rs. 2,00,000/- and Rs. 1,00,000/- respectively imposed under the provisions of Section 125 and Section 114 of the Customs Act, 1962. 2. After hearing both sides, we find that the appellant filed....

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.... same. 4. On the above basis, proceedings were initiated against the assessee, inasmuch as, the value adopted by the Revenue was on the lower side, the appellant was not interested in export of the goods and, accordingly, withdrew the consignments. Show-cause notice resulted in confiscation of the same with redemption fine of Rs. 3,00,000/- and penalty of Rs. 2,00,000/-. 5. On appeal, Commis....

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....ded without there being any evidence to rebutt the value declared by assessee. In such a scenario, he prays for setting aside the redemption fine and penalty. 7. The learned Authorised Representative appearing for the Revenue reiterates the findings adopted by lower authorities. 8. On going through the facts on records, we find favour with the appellant's contention that apart from the r....