1990 (2) TMI 76

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..... peals), Calcutta wherein Collector had upheld the Assistant Collector's orders imposing a penalty of Rs. 25,320/-, under Section 116 of the Customs Act, 1962. 2. In the personal hearing held on 1-12-1990 Shri S.S. Subramanian reiterated the arguments raised in the revision application and further pleaded that the penalty imposed was excessive inasmuch as the value of one case short-landed on an .....

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..... king out the value of goods short-landed. Though Collector was not wrong in rejecting the insurance survey report, nevertheless, it is necessary that quantification of the value should be done on reasonable basis and the party made aware as to how it has been arrived at. 4. It is admitted by the Collector (Appeals) that appellants made considerable efforts to trace out the details of the package .....

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..... lved on short-landed goods comes to Rs. 19.907/-. 5. Since there is other evidence produced by the party that the goods were damaged on high seas it would appear that in the circumstances of the case a penalty of Rs. 19,907.00 is sufficient to meet the ends of justice. Accordingly, the penalty to this extent alone is confirmed in this Revision Application with consequential relief to the party. .....

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