https://www.taxtmi.com/caselaws?id=184935 The appellants' requests for waiver and stay in relation to adjudged dues and penalties under the Customs Act were partially granted. One appellant was directed to pay over Rs. 1.37 crores in drawback and a penalty of Rs. 2 crores, while another appellant faced a penalty of Rs. 50 lakhs. Financial hardships were not substantiated, leading to predeposits being ordered. The key individual involved in fraudulent activities was held liable for the drawback amount. Another individual's innocence claim was refuted, resulting in a penalty of Rs. 50 lakhs. Compliance with predeposits was mandated for further relief. en-us Tue, 11 Dec 2012 00:00:00 +0530 Mon, 25 Jul 2016 16:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184935 The appellants' requests for waiver and stay in relation to adjudged dues and penalties under the Customs Act were partially granted. One appellant was directed to pay over Rs. 1.37 crores in drawback and a penalty of Rs. 2 crores, while another appellant faced a penalty of Rs. 50 lakhs. Financial hardships were not substantiated, leading to predeposits being ordered. The key individual involved in fraudulent activities was held liable for the drawback amount. Another individual's innocence claim was refuted, resulting in a penalty of Rs. 50 lakhs. Compliance with predeposits was mandated for further relief. Case-Laws Customs Tue, 11 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184935