2003 (5) TMI 437

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..... umar, Advocate and A.K. Mishra, Consultant, for the Appellant. S/Shri V.K. Khosla, SIO and Sanjeev Prabhakar, IO, for the Department. [Order]. - M/s. Fashion Sourcing (hereinafter referred to as the Applicant) S/Shri Arun Dhand and Shri Bhupinder Singh (henceforth referred to as the Co-Applicants) have filed an application under Section 127B of the Customs Act, 1962. The applicants have import .....

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..... hould not be held to be correctly classifiable under chapter sub-headings 6001.92, 5804.10, 5407.42, 59.07 and 6001.22 respectively of the Customs Tariff Act, 1985. (ii) The said fabrics imported vide Bill of Entry No. 1042 dated 30-8-2001 and misdeclared by the importer valued at Rs. 11,68,595/-(Assessable value) be not confiscated under Section 111(M) of Customs Act, 1962. (iii) The differenti .....

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..... ,000/- has been appropriated by encashing the bank guarantee. 4. The representative of Revenue submitted that the action of the applicant in mis-classifying the imported products is not bona fide. It was also submitted that one of the partners is an ex-employee of the Excise Department and as such he should be aware of appropriate classification of the fabric. However, he submitted that the .....

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