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TMI Blog2009 (10) TMI 752X X X X Extracts X X X X X X X X Extracts X X X X ..... d both sides. 3. The relevant facts in brief are that the appellant imported a consignment of acrylic off-cuts of different sizes and thickness and as acrylic sheets pieces of different sizes and thickness. The appellant also sought for examination of the goods on first check basis and accordingly 100% examination of the consignment of the goods was conducted. As per examination report, the quant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... off-cuts and @ US$ 930 in respect of acrylic sheets. He also ordered for confiscation of the goods valued at Rs. 32,76,033/- but allowed the same to be released on payment of redemption fine of Rs. 5 lakhs. He also imposed penalty of Rs. 1 lakh on the importer. 4. The learned Advocate for the appellant submits that they have ordered for acrylic sheets pieces and acrylic off-cuts and declared the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DR reiterates the findings of the Commissioner. 6. We have considered the submission from both sides. It is not in dispute that the goods found were acrylic sheets in huge quantity compared to what they have declared as acrylic sheets pieces, acrylic off-cuts. Acrylic sheets are admittedly imported by other parties at a price of @ US$ 780 per MT and acrylic off-cuts @ US$ 450 per MT. Therefore, e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ope for reducing the amount of redemption fine and penalty. 7. In view of the above, the appeal is disposed of as follows : (1) The value of off-cuts shall be @ US$ 450 per MT and value of acrylic sheets shall be @ US$ 780 per MT and differential duty shall be accordingly re-worked out. (2) The redemption fine is reduced from Rs. 5 lakhs (Rupees Five Lakhs Only) to Rs. 2 lakhs (Rupees Two Lakhs ..... X X X X Extracts X X X X X X X X Extracts X X X X
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