2011 (4) TMI 281

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... director of the company in his confessional statement made under Section 108 of the Customs Act, 1962 admitted that there is under valuation - It is not in dispute that the statement made under Section 108 of the Customs Act has not been retracted - Decided against the assessee. - 6 of 2011 - - - Dated:- 6-4-2011 - J.P. Devadhar and Roshan Dalvi, JJ. REPRESENTED BY : Shri Jitu Motwani i/b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... sion. 2. Perusal of the order of the CESTAT shows that the CESTAT has directed the Appellant to make pre-deposit of Rs. 24 lacs mainly on the ground that, prima facie, it is established that the Appellant has misdeclared the value of the imported goods. This is evident from the fact that the imported goods have been insured for a value ten times higher than the value declared before the customs .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X