2001 (8) TMI 1200

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.... Appellant. Shri B.B. Sarkar, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The application by Fine Chemicals is for waiver of deposit of duty of Rs. 51.28 lakhs, and penalty of equal amount on it, and the application by S.J. Sanghvi, its Director, is for waiver of deposit of penalty under Rule 209A of Rs. 5.00 lakhs imposed on him. 2. Duty has been demanded,....

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....ntal representative reiterates the Commissioner's finding, which is that the assessee suppressed the fact that the product was not mentioned in the pharmacopoeia. 5. The notification or the rules does not require that there must be a specific mention in the classification list, as to whether the product figure in pharmacopoeia or not. No doubt, it is true that the applicant did not indicat....