2015 (11) TMI 195 - SCH - Customs

Additional evidence - Valuation - Redemption fine and penalty - Supreme Court dismissed the appeal filed by the Revenue due to insignificant tax effect - The appeal was filed against the decision of Tribunal 2005 (5) TMI 434 - CESTAT, MUMBAI ; wherein Tribunal held that import is made by an individual and not by a trader. Normally margin of profit concept applies when imports are made by traders/manufacturers who import goods on a large scale. Even otherwise the Commissioner imposed a fine ranging to 24% of CIF value. We are not aware of cases where the MOP can be more than this. The Revenue at least has not produced any evidence to that effect.