TaxTMI 
TaxTMI 
2026 (9) TMI 666
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....dent : Ms. Deepthi K, Superintendent, Authorised Representative ORDER PER : R. BHAGYA DEVI : Briefly the facts are that M/s. 6th Gear Autohub Pvt. Ltd. Bangalore imported Seven (7) Nos. of MB651 Engines declaring the value as Rs.3,49,447.13/-. However, the department doubting the value declared, queries were raised by the assessing authority and notice was issued for enhancing the value w....
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....4 - CESTAT Bangalore and Rajappa V vs. Commissioner of Customs vide Final Order No. 20583/2026 dated 11.03.2026. It is further submitted that separate proceedings were initiated by the department under Customs House Agents Licensing Regulations (CBLR) and the Commissioner vide Order-in-Original dated 16.06.2023 imposed a penalty of Rs.50,000/- under Regulation 18 of the CBLR and the same was accep....
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....w value declared by the importer/appellant was obvious that they had knowingly undervalued the goods, hence, penalty is justified. 4.1. The appellant has placed on record the Order-in-Original dated 16.06.2023 wherein the Commissioner while considering the CBL Regulations had noted the findings of the Inquiry Officer which reads as follows: "Findings of the Inquiry Officer - The Custom....
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.... consideration the above observations of the Inquiry Officer and also taking into account the fact that the Commissioner had imposed a penalty of Rs.50,000/- which has been admitted and paid by the appellant and also considering the fact the duty liability was Rs.31,24,188/-, I find that the penalty of Rs.15,00,000/- imposed on the Customs Broker is very exorbitant. Moreover, it is on record that ....