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2000 (5) TMI 268

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.... Ashokan, JDR, for the Respondent. [Order per : Gowri Shanker, Member (T)]. -  The application are for waiver of deposit of penalty of Rs. 3 lakhs on Prakash Jain and Rs. 1 lakh on Shantilal Jain 2. We have heard both sides. 3. Penalties have been imposed under section 112 of the Customs Act, 1962 on the finding of the Commissioner that some quantity of gold ornaments se....

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