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TMI Blog2015 (4) TMI 1074X X X X Extracts X X X X X X X X Extracts X X X X ..... he it with any identical/similar goods imported at or about the same time - Held that: Revenue's rejection of declared value is not legal and proper and also quantum of penalty imposed in the adjudication order, is in the higher side. As appellant had incurred demurrage and other shipping charges for delayed adjudication, which has a direct bearing on the profitability in the appellant's firm; and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... se Industril Limited and filed Bill of Entry No. 2423002 dated 14.06.2014 before the Customs authorities for clearance of the imported consignment. The value declared in the said Bill of Entry was not accepted by the Customs Department and upon proper investigation, the declared value furnished by the importer was rejected and the assessable value was enhanced by the Adjudicating Authority. Penalt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lue. The ld. Advocate prays for reducing the penalty amount on the ground that demurrage and additional shipping charges have been incurred by the appellant for delayed adjudication of the matter. 4. Per contra, the Ld. D.R. appearing for the Respondent reiterated the findings recorded in the impugned order. 5. I have heard the ld. counsel for both the sides and perused the records. 6. I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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