2008 (9) TMI 751

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..... , Member (T)]. - Heard both sides. 2. The Appellant imported a second-hand Sammying Setting Machine of 1997 make after subjecting the same to reconditioning. They produced a certificate of Chartered Engineer dated 23 -1-2002 from the exporting country wherein the value was estimated to be 46,500 Euro. The Original Authority felt that the value declared was low and relying on contemporary i .....

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..... 997 was later on obtained by fax as 76,000/- Euro. 4. The learned DR submits that the authorities below have relied on a higher contemporary price relating to a machine of 1996 make and of better quality and hence enhancement of value and the imposition of penalty are justified as they have tried to misdeclare the value of the new machine as 76,000 Euro as against 91,000 Euro. 5. We have caref .....

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