2000 (6) TMI 573

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . [Order per : Gowri Shankar, Member (T)]. The appellant imported a consignment of cloves, which was shipped from Singapore on or about 25th April, 1994, and declared the value to be US $ 680 per MT. The Custom House, relying on a contemporaneous import proposed enhancement of the value to US $ 850 per MT. That Custom House also noted that the licences against which clearance was claime .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he goods valued at Rs. 2.66 lakhs approximately, with an option to redeem them on payment of fine of Rs. 2.15 lakhs and imposed penalty of Rs. 50,000/-. His order having been confirmed by the Collector (Appeals), his order is now before us. 2. The contention with regard to the value is that the goods were inferior quality and therefore a lower value was justified. It is contended that the fact t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... strictly speaking, is in accordance with law. When the goods were shipped the policy in force did not permit a letter of authority holder to import the goods on licences issued to the principal. However, it is not disputed that in the earlier policy, which was in force up to 31-3-1994 and therefore in force when the order for goods was placed on (February), import could be made by the letter of a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X