1997 (8) TMI 135

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....ents. [Order per : G.A. Brahma Deva, Member (J)]. - This is a stay application filed by the applicants for the waiver of pre-deposit of penalty of Rs. 10 lacs and stay of the recovery proceedings. 2. Arguing for the applicants in support of the stay application Shri Hari Om Arora submitted that it was charged that there was mis-declaration of `Mohair' as `Scoured Raw Wool'. He submitted t....

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.... Singh arguing for the Revenue submitted that Mohair is of a superior quality and it is a clear case of mis-declaration since the appellants have imported Mohair as Scoured Raw Wool. He submitted that the adjudicating authority has discussed the issues taking into consideration of the material evidence on record and accordingly imposition of penalty of Rs. 10 lacs was justified taking into conside....