2005 (9) TMI 189

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..... ieces of Olympus cameras of different models imported from Singapore. The value of the goods was declared as US $ 3425 C F and, on this basis, the Bill of Entry was assessed to duty of Rs. 93,099/- and the goods were cleared for home consumption. Subsequent investigations conducted by the Customs authorities resulted in the discovery of higher value for the goods and, accordingly, the value of the .....

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..... - and also imposed redemption fine of Rs. 3,30,000/- in lieu of confiscation of the remaining cameras (not available for confiscation). The order of confiscation of the 10 cameras with redemption fine of Rs. 27,000/- is not contested. However, appellants have challenged the fine of Rs. 3.30 lakhs imposed on them in lieu of the cameras which were not available. 2. Ld. consultant for the appellant .....

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