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TMI Blog2017 (10) TMI 1197X X X X Extracts X X X X X X X X Extracts X X X X ..... gher valuation of the same. This leads to the inevitable fact that the prime sheets were sought to be imported in the guise of re-rollable scrap and there was mis-declaration, thus making the goods confiscable. As such, the confiscability of the goods in question is required to be upheld. Redemption fine - penalty - Held that: - the appellant have contested the quantum of redemption fine on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt imported re-rollable steel scrap at a declared value of US$ 423 per MT. The consignment was examined by the officers under the supervision of Assistant Commissioner on two consecutive dates and it was found that, out of total weight of 115.648 MTs of re-rollable steel scrap, 59.026MT was of prime HR Sheets of thickness more than 4.75mm and having higher assessable value. 2. The appellant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he valuation and classification of the steel HR sheets, which were found present in the re-rollable scrap, are not being challenged by them and they have already paid the duty on the same and got the goods cleared, as the duty was on the lower side and they were in urgent need of the material. However, he submits that the order placed with the foreign supplier was of re-rollable scrap and there i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ime HR sheets in the scrap. Neither have they felt aggrieved with the classification of the prime quality of sheets adopted by the lower authorities nor the higher valuation of the same. This leads to the inevitable fact that the prime sheets were sought to be imported in the guise of re-rollable scrap and there was mis-declaration, thus making the goods confiscable. As such, the confiscability ..... X X X X Extracts X X X X X X X X Extracts X X X X
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