2012 (12) TMI 1000 - SCH - Customs

Valuation - Value of Software include ability in the value of software - The allegation of the Revenue is that the value of the impugned goods have been split up into hardware and software portion with an intention to evade payment of Customs duty - Imposition of redemption fine and penalty.

Summary

The Supreme Court ruled that the appellants are not entitled to relief on interest but granted a stay on penalty and redemption fine under Sections 114-A and 125, subject to the deposit of 50% within six weeks. Failure to make the deposit allows the respondents to recover the full penalty and redemption fine.