2013 (10) TMI 1203

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..... imported artificial marble slabs which was restricted item under Tariff sub-heading No. 68109990 disclosing the value of USD 20/SQM, Customs enhanced the value of goods to USD 50 per Sqr. Mtr. If the value of goods is considered as USD 20/SQM that is restricted goods under Notification No.41 (RE-2008)/2004 - 09 issued by DGFT. In case value of goods is USD 50/SQM that is freely importable and has .....

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..... 2.3 Revenue submits that when there was mis-declaration, valuation was made and adjudication was done adopting USD 50 per Sqr. Mtr. as value of the goods imported, So also penalty and redemption fine was imposed. 3. Heard both sides. Notification of DGFT when declares the goods imported as restricted goods by value criteria and the appellant also has made averment that there was restricted goods .....

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..... and penalty imposed by Customs. Therefore, these two levies are confirmed. Ld. Adjudicating Authority shall verify the challans, if any, showing deposit of duty, redemption fine and penalty and grant consequential relief of refund if any that may arise upon proper verification in accordance with law. 5. Appeal is thus allowed partly and to the extent indicated above. [Dictated & Pronounced in t .....

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