2011 (7) TMI 633

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..... r EXIM Policy, penalty ordered by Commissioner (Appeals) is low. Hence, penalty is enhanced to Rs.50,000/- from Rs. 10,000/-. However, we find no ground to interfere with the amount of redemption fine. - C/247/2007 - - - Dated:- 13-7-2011 - Mr S.S. Kang, Mr.Mathew John, JJ. Appeared for the Appellant : Shri K.K. Jaiswal, SDR Appeared for the Respondent : Shri S. Yadav, Advocate Per .....

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..... w the facts and circumstances of the case and as also the suppressed value of Rs. 3,14,000/- approximately, the duty element goes up. In view of this, we find no ground to interfere with the amount of redemption fine. As the appellant had suppressed the value of goods and since goods were imported in violation of the restriction imposed under EXIM Policy, we find that the penalty ordered by Commis .....

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