2005 (6) TMI 377

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..... ed appeals have been directed by the appellants against the impugned orders-in-original vide which the Commissioner of Customs as adjudicating authority has imposed penalties on them as detailed therein, under Section 112 of the Customs Act. 2. I have heard both the sides. From the record, it is evident that appellants filed certain Bills of Entry for import of in all 22 CD ROMs declaring as Mu .....

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..... d specifications who admitted their fault/lapse in that regard and undertook to replace the goods, vide their letters dated 9-1-98 and 17-1-98. Thereafter, the appellants issued necessary instructions to their bankers to stop payment against the L/C, against which the goods were imported. They also made request to the Commissioner for permission to re-export the goods, but it was declined. The app .....

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..... ustoms authority that the goods were immediately required by them for various developmental work and for utilization in various upcoming contracts for web-page designing and development, that they were interested in draining out the foreign exchange from India. At that time, there had been no final assessment on the Bills of Entry. They on finding the goods of lower standard, took up the matter wi .....

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