2025 (11) TMI 17

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....49 of 2021 - Final Order No. 77268-77287/ 2025<br>Customs<br>Hon'ble Shri Ashok Jindal, Member (Judicial) And Hon'ble Shri K. Anpazhakan, Member (Technical) For the Appellant : Mr. Arvind Baheti, C.A. For the Respondent : Shri S. Chakravorty, Authorized Representative ORDER : PER SHRI ASHOK JINDAL: Today these appeals have come up before us having a common issue that on finalization....

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.... shortfall shall be adjusted from the security, if any, obtained at the time of provisional assessment, under intimation to the importer or the exporter. Provided further that, if the amount so adjusted or paid falls short of the duty finally assessed or re-assessed, as the case may be, the importer or exporter of the goods shall pay the shortfall in terms of the provisions of section 18.....

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....ted system and is ordered to be provisionally assessed, the proper officer shall finalise the provisional assessment on the system also consequent to the procedure prescribed in these regulations. (7) Penalty-If any importer or exporter or his authorized representative or Customs Broker contravenes any provision of these regulations or abets such contravention, or fails to comply with any....