2018 (5) TMI 69

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..... tion - there is no reason to interfere with the impugned orders when the assessee-appellants have not disputed the valuation - redemption fine also upheld. Penalty u/s 112 of the Customs Act, 1962 - Held that: - the Commissioner (Appeals) has made it uniform @ 10%, but in the peculiar facts and circumstances of the case, especially when the National Import Data was closely to the import value, .....

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..... 2013. 2. The brief facts of the case are that, during the period under consideration, the assessee-appellants had imported old and worn garments from South Korea. The assessee-Appellants had declared the value 0.90 US $ per kg. On the basis of the National Import Data, the authorities below found that the same garments can be assessed @ 0.93-0.97 US $ per kg. Finally, after discussing the data .....

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..... appears that the goods were imported in the month of March to September, 2013 and goods were released after paying the redemption fine. The goods have been sold in the open market. As per the National Import Data Base (NIDB), it appears that the assessee-appellants have shown the valuation on a lower side. So, the lower authorities have rightly estimated the valuation. We find no reason to interf .....

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