1988 (7) TMI 140

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.... such the same are being disposed of by a consolidated order. 2. Shri A.K.S. Bedi, the learned advocate who has appeared on behalf of the applicants states that prima facie the applicants have got a good case on merits. He has also referred to the balance-sheets of the three applicants and states that financially the applicants do not have sound position and there are losses'too. He argued that the Bench should exercise its inherent powers and should also permit the release of the goods without payment of redemption fine and customs duty. 3. Shri A.S. Sundar Rajan, the learned junior departmental representative who has appeared on behalf of the respondent, states that the applicants have filed applications under Section 129-E of the C....

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....e the decision or order appealed against relates to any duty demanded in respect of goods which are not under the control of the customs authorities and secondly, against imposition of any penalty levied under the Act. In the matter before us, the goods are under the control of the customs authorities. Accordingly, the provisions of Section 129-E of the Customs Act, 1962 are not applicable for the release of the goods without payment of fine in lieu of confiscation and duty. The particulars of fine, duty and penalty in the above three captioned appeals are as under: Name of the applicant  Redemption fine penalty Duty amount M/s. Associated Traders, Hoshiarpur1.  Rs. 2,65,000/-  1,30,000/- 1,19,750/- &n....