2012 (7) TMI 418

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..... is that in absence of undervaluation of import made, Customs authorities should not have disturbed the valuation declared by the appellant in the Bill of Entry. The goods imported was Patcholi oil in terms of Bill of Entry No.296204 dt. 11.10.2000. Appellant declared the import value as US$ 5.8 per kg. But the unit price was enhanced to US$ 19.25 per kg by the impugned order resulting in unreason .....

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.....   3. Heard both sides and perused the records.   4. Learned first appellate authority considered the contemporaneous evidence and also looking to the source of the goods which was from Singapore, he found that higher value was declared by other importers for similar goods. Examining from various angles, he reasonably considered the case of the appellants granting adjustment of 25% on a .....

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..... were standards Patcholi Oil but not pure grade could not get support without any evidence led. The appellate authority therefore considered level of quantity ordered and reduced enhanced the assessed value of US$ 19.25 to US$ 14.44 per kg which does not appear to be unreasonable in the fitness of the circumstances of the case. He also reduced redemption fine to Rs. 2 lakhs and penalty to Rs.25,000 .....

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