9911796707
TMI Blog2008 (11) TMI 518X X X X Extracts X X X X X X X X Extracts X X X X ..... ondent. [Order per : P.K. Das, Member (J)]. The relevant facts of the case, in brief, are that the appellant imported Hook and Loop tapes (Velcro Tape) vide bill of entry No. 105284 dated 31st May, 2004. It has been alleged that the appellant undervalued the goods. The Customs officer recorded the statement of Shri Ravi Malhotra Director of Appellant on 9-6-04, 10-6-04, 19-10-04. He has ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rocedure and the statements were recorded under duress and coercion. He also submits that there is no material placed by the Revenue for enhancement of the value. He relied upon the various decisions of the Tribunal on this issue. Alternatively, he submits that the amount of fine and penalty are excessive. 3. Learned DR reiterates the findings of the Commissioner. He submits that the statements ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se notice is an after thought. So the enhancement of valuation and demand of duty are justified. We find that the appellant knowingly declared the lower value and therefore, confiscation of the goods is upheld. However, we find that the appellant imported the goods first time and therefore, after considering the facts of the case, we reduce the redemption fine and penalty to Rs. 1,50,000/- and Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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