1997 (7) TMI 321

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....ia, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. -  The appeals are against the common order of the Additional Collector of Customs imposing a penalty of Rs. 3 lakhs on Kirit D. Bhutta appellant in C/92/91-Bom. and Rs. 2 lakhs on Naresh P. Shah appellant in C/93/91-Bom. 2. The first appellant Kirit Bhutta was the proprietor of M/s. Chemographic and the secon....

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....ufficient loss to the appellant, particularly when the goods were freely importable by an actual user which would be printers and that therefore the profit that the appellant could have made on the transaction would be insignificant. 4. The departmental representative contends that the margin of profit at the relevant time could not have been less than 50% and that the appellants had been ....