2000 (5) TMI 123 - AT - Customs

Summary

The appeal was against the order confirming confiscation of LPG conversion kits due to undervaluation and imposing a penalty of Rs. 15,000. The appellant did not challenge the liability but requested the penalty to be set aside due to financial loss. The Tribunal accepted the appeal, stating that the price list alone is not evidence of goods imported at the listed price, and since the goods were not redeemed, the penalty was set aside.