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TMI Blog2016 (11) TMI 1138X X X X Extracts X X X X X X X X Extracts X X X X ..... Commissioner (Appeals) after taking into overall facts and circumstances of the case has reduced the penalties imposed on the appellants which is reasonable and needs no further interference. The impugned order is upheld and both the appeals are dismissed. - Appeal Nos. C/40983/2015 & C/40984/2015 - FINAL ORDER No.41437-41438/2016 - Dated:- 29-8-2016 - Shri P.K. Choudhary, (J) Shri Y. Mic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... #8377; 25,000/- to ₹ 5,000/- imposed on the appellants respectively. Aggrieved by the appellate authority's order both the appellants are in appeal for setting aside the penalties. 3. The brief facts of the case are that M/s. Bilal Match Works, Sivakasi (M/s. BMW, for short) and M/s. Ahsic Match Industries (M/s .AMI, for short) had filed Bills of Entry for clearance of imported goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o the declared price of another firm and it was alleged that declared value does not reflect the transaction value and the value was grossly undervalued to evade Customs duty. The investigating authorities finally concluded based on the evidences available that Shri Noor Mohamed suppressed the actual value from Customs and thereby evaded payment of Customs duty in collusion with the appellants Shr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fully considered the submissions of both the sides and perused the records. I find that learned Commissioner (Appeals) after taking into overall facts and circumstances of the case has reduced the penalties imposed on the appellants which is reasonable and needs no further interference. The impugned order is upheld and both the appeals are dismissed. (Operative part of the order pronounced in o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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