1998 (3) TMI 457

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....sed penalty of around Rs. 23.70 Crores on the appellant, ordered confiscation of plant and machinery allowing redemption on payment of fine of Rs. 2 Crores. We are not concerned in this stay application with the rest of the order which affects the Directors and employee of the appellant as also another concern. 2. Two main allegations against the appellants are of clandestine removal of substantial number of manufactured goods, namely, stainless steel sheets, tor rods and bars and undervaluation of stainless steel sheets in the guise of they being other alloy sheets. Learned Counsel for the appellant submitted at the outset that he does not propose to make any submission on merits but is seeking relief under Section 35F of the Act o....

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....ts and alternatively for three weeks time to go and take copies as the appellants were busy with the audit work and the like. 4. According to the learned Counsel for the appellant, appellants' staff went to the Superintendent's office with photocopying machines and started taking copies of relevant documents. Since the documents were voluminous the work could not proceed substantially. Therefore, on 22-10-1997, appellants Counsel made a request for more time to take copies of all the documents and for postponement of personal hearing to February, 1998. On 24-10-1997 the Superintendent informed the appellant that personal hearing would take place on 3-11-1997 and copies should be obtained and reply submitted before that date. On 29-1....