2025 (4) TMI 1716

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....pellant : Mr. Atish Dipankar Ray & Ms. Sanjukta Ray, Advocates For the Revenue : Mr. Sameer Chittkara & Mr. Mr. Subrata Debnath, Authorized Representatives Per : R. MURALIDHAR : The appellant MMTC, a reputed Public Sector Undertakings had exported iron ore refines during the period June 2008 to April 2012. They have declared the value in the Shipping Bill based on certain moisture content....

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....a penalty of Rs.1000/- under Section 114(AA). Being aggrieved, the appellant had filed their appeal before the Commissioner (A) who has dismissed their appeal. Being aggrieved, the appellant has filed before the Tribunal. 3. The Ld Counsel appearing on behalf of the appellant submits that higher amount was realized by the appellant only on account of their moisture content. Once this was pointe....

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....artment and after such verification the appellant has paid the differential Custom Duty along with interest. Therefore, he justifies the penalty imposed on the appellant. 6. Heard both sides and perused the appeal papers and submissions made by both the sides. 7. We find that the admittedly the appellant realized higher amount in view of the difference in the moisture content. On being point....