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of <h1>Penalties Partially Waived in Appellate Tribunal Ruling</h1> The penalties imposed on Dipesh Textiles and Hasmukh Deochand Shah were partially waived by the Appellate Tribunal CEGAT, Mumbai. Hasmukh Deochand Shah ... Stay/Dispensation of pre-deposit The judgment by Appellate Tribunal CEGAT, Mumbai involved waiver of penalties imposed on Dipesh Textiles, Hasmukh Deochand Shah, and A.I. Lokhandwala. Penalties imposed on Dipesh Textiles and Hasmukh Deochand Shah were partially waived, with Hasmukh Deochand Shah required to deposit Rs. 1 lakh. Penalty imposed on A.I. Lokhandwala was waived as there was no specific finding of involvement in smuggling.
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