2003 (8) TMI 285

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....for the Respondent. [Order per : Gowri Shankar, Member (T)]. -  Application by S.C. Brothers is for waiver of deposit of duty of Rs. 2.86 lakhs approx. and equivalent penalty. Application by K.D. Sanghvi, its partner is for waiver of deposit of penalty of Rs. 50,000/-. 2. The demand for duty and the penalty are consequent on the finding that the applicant did not pay duty on ferrous s....