2000 (4) TMI 723 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Chennai ordered the appellants to pre-deposit a penalty of Rs. 2,00,000 for undervaluing imported goods. The Commissioner granted an option to re-export the goods on payment of a fine of Rs. 7,00,000. The Tribunal set aside the order and remanded the matter to the Commissioner to re-consider in light of relevant judgments, waiving the pre-deposit. The Commissioner was directed to re-adjudicate the matter promptly.