9911796707
TMI Blog1999 (9) TMI 511X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 proprietor Umesh Murali Satwani and against this appe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... $ 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 was the authorised representative of the importer a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 clearly applicable to the facts of this case and seeks for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 para of the Tribunal's order, a reference has also been made ab ..... X X X X Extracts X X X X X X X X Extracts X X X X
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