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2023 (2) TMI 105
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....ative for the Revenue NONE for the Respondent (s) ORDER When the matter was called, none appeared on behalf of the Respondents. However, I observe that the issue involved in these Appeals, lies in a narrow compass. Accordingly, the Appeals are taken up for final hearing today itself with the consent of Ld. Authorized Representative for the Revenue. 2. The Respondent imported old and us....
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....cation and enhancement of value. However, he reduced the redemption fine and penalty imposed to 10% and 5% respectively. Revenue has challenged this order by filing the present Appeals with the prayer that the order of the Ld. Commissioner(Appeals) reducing redemption fine and personal penalty, merits review. 4. Shri M.P.Toppo, Ld. Authorized Representative appeared on behalf of the Revenue. He....
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....pugned order, I note that the Ld.Commissioner(Appeals) has ordered reduction of redemption fine and personal penalty on the basis of ratio laid down by the Tribunal in the case of Omex International Vs. Commissioner of Customs, New Delhi reported in 2015 (328) ELT 579 (Tri.-Del.). The Tribunal has taken the view that redemption fine of 10% and penalty of 5% of the value of the imported goods, woul....