1994 (9) TMI 187

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....or the Respondents. [Order per : K.S. Venkataramani, Member (T)]. - This is a Stay Application for the waiver of the penalty of Rs. 3,00,000/- (three lakh only) under Section 112 of the Customs Act, 1962 imposed on the applicant herein by the Collector of Customs, Bombay-II in his impugned order dated 10-1-1994. 2. The learned Consultant, Sh. A.S. Sundar Rajan appearing for the appli....

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.... referred to the order impugned to show that the applicant herein had sold the cars immediately after purchase at high profit which clearly shows that he is involved in the offence along with Mr. Sadiq Futehally who has also been penalised in the proceedings. The penalty on the applicant is justified having regard to the role he played in the offence. 4. We have considered the submissions ....