9911796707
TMI Blog1999 (9) TMI 511X X X X Extracts X X X X X X X X Extracts X X X X ..... spondent. [Order per : S.L. Peeran, Member (J)]. - This appeal arises from Order-in-Original No. 4/93 passed by Commissioner of Customs, Hyderabad imposing penalty of Rs. 2,00,000/- on this appellant besides confirming duty demand of Rs. 53,719/- on M/s. Nino Electronics, run by Proprietor Umesh Murali Satwani. There is a penalty also of Rs. 15,000/- on M/s. Nino Electronics represented its pro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g $ 0.65 per piece for gents module and Hong Kong $ 0.50 per piece for ladies module totally valued at Hong Kong $ 5,750 equivalent to Rs. 12,722 (CIF). They produced an REC licence No. 3234345 dated 29-3-90 for the clearance. The Bill of Entry was filed through M/s. Tass Clearing Service (P) Ltd. (CHA). Proceedings were initiated on the ground that the goods had been undervalued. The appellants w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the matter. Ld. Advocate submits that as the impugned order has been set aside and the valuation has been accepted, therefore, there cannot be a penalty against the appellants on whose information the proceedings had been initiated. Therefore, he submits that the ratio of the Tribunal judgment in Nino Electronics represented by Umesh Murali Satwani in final order No. 2257/98 dated 22-10-98 is clea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the same Order-in-Original and the Tribunal after a detailed consideration held that the declaration furnished in the Bill of Entry was to have been accepted and the value represented the correct valuation and there was no undervaluation in the matter and hence the impugned Order-in-Origina1 No. 4/93 dated 15-3-93 has since been set aside by final order No. 2257/98 dated 22-10-98. In the first p ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
