2008 (6) TMI 421

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..... SDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. The appellants herein filed Bill of Entry in September, 2002 for import of machine and spares, namely, second-hand Barber-Colman warp drawing machine and spares for textile machine which were supplied from Italy. As per the declaration filed by the importer, the year of fabrication of the machine was 1974 and it w .....

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..... me on payment of Rs. 8,00,000/- and also imposed personal penalty of Rs. 1 lakh. Hence, this appeal. 2. We have heard both sides. The appellants do not dispute that the import was not valid; however, they dispute the loading of value of the machine. We find that the value of the goods was enhanced by the Commissioner on the basis of the certificate of M/s. SGS after granting the depreciation of .....

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