JUSTICE DILIP GUPTA:

Customs Appeal No. 55096 of 2023 has been filed by Ghanshyam Kamra; Customs Appeal No. 55007 of 2023 has been filed by Rajiv Shewaramani; Customs Appeal No. 55005 of 2023 has been filed by Aditya Gupta; and Customs Appeal No. 55006 of 2023 has been filed by Hemendra Rai to assail that portion of the order dated March 10, 2023 passed by the Principal Commissioner of Customs that rejects the declared value of the goods under rule 12 of the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007, the 2007 Valuation Rules read with section 14 of the Customs Act , 1962, the and re-determined under rule 3 and also imposes penalties under section 114AA upon the appellants.

2. Customs Appeal No. 55621 of 2023; Customs Appeal No. 55622 of 2023; and Customs Appeal No. 55623 of 2023 have been filed by the department to assail that part of the order dated March 10, 2023 passed by the Principal Commissioner of Customs that has refrained from imposing penalty under section 112(a)(ii) of the Customs Act .

3. The dispute is in respect of the Bills of Entry that were filed relating to furniture and furniture parts that were imported.

4. The appeals were heard o