1998 (11) TMI 257

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....ar, JDR, for the Respondent. [Order]. - When the stay application came up for hearing it appeared that the impugned appeal itself could be disposed of at this stage. Both sides agreeing, this was done after granting unconditional stay of the sums confirmed in the proceedings. 2.  On 3/4-3-1996 the jurisdictional officers conducted verification of the physical stocks of fully finished....

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....am, learned Advocate did not choose to persue the issue of jurisdiction but limited himself to state that as against the physical stock of films amounting to 17097.2 Kgs, alleged excesses should not be held against the assessees at all. He stated that there was no cause for confiscation or for imposition of penalty. Shri D.K. Nayyar, learned D.R. submits that penalty is attracted for not following....