1998 (12) TMI 172

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..... ber (T)]. We have heard the departmental representative on the appeal filed by the Department; the respondent is absent and unrepresented despite notice. 2. In the impugned order the Collector has observed that the value of the catalyst imported by the respondent was under declared. The value declared was US $ 77.50 per kg, whereas it should have been much higher, for the reason that the p .....

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..... he fine and penalty. In these circumstances, we accept the suggestion of the departmental representative that 25% ought to be the reasonable figure for redemption fine. The knowing act of misdeclaration by the importer warrants a deterrent amount of penalty. 4. Accordingly, we modify the Collector s order by determining the redemption fine to be Rs. 18.00 lakhs and penalty to Rs. 4.00 lakhs. - .....

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