2.3 Since the description of the goods was mis-declared by the appellant importer, the transaction value was rejected under Rule 12 and the department proposed for re-determination of value of goods on the basis of contemporary value and LME prices under Rule 5 of the Customs Valuation Rules, 2007. It was also proposed to confiscate the goods under Section 111(m) of the Customs Act, 1962 and for imposition of penalty on the importer under Section 112(a) ibid. On the basis of the waiver of issue of Show Cause Notice, the original authority after giving a personal hearing on 13.09.2013 had re-determined the value of goods and confirmed the differential duty of Rs.5,25,460/-; confiscated the goods and allowed the same on payment of redemption fine of Rs.1,50,000/- and imposed penalty on the appellant for Rs.75,000/-. Being aggrieved with the said order of the original authority, the appellant had filed an appeal before the Commissioner of Customs (Appeals). In disposing of the appeal, learned Commissioner of Customs (Appeals) vide Order-in-Appeal dated 08.04.2024 by upholding the order of the original authority, had rejected the appeal filed by the appellant. Feeling aggrieved with the said order passed by the Commissioner of Customs (Appeals), which is impugned herein, the appellant have filed this appeal before the Tribunal.
