2009 (7) TMI 1128

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..... rted one set of used second-hand Homari Lithron 432 - 154 Offset Printing Machine with all standard accessories vide Bill of Entry No. 312316 dated 26-6-2002. The year of manufacture declared was 1993 and CIF value declared was Japanese Yen 2,730,000 equal to Rs. 10,75,620/-. The information gathered revealed that there was a misdeclaration of the value. Further identical model machine of the same .....

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..... e of Rs. 1 lakh and imposed a penalty of Rs. 25,000/-. Hence the appeal. 3. We have heard both sides. We note that the Commissioner has taken into account the value of new machine and then worked out the value by extending abatement. He has also accepted the submission of the importer that they were importing machine for actual user and directed the importer to give written intimation that the m .....

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