2003 (9) TMI 459

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....Appellant. Shri V.B. Khalwadekar, DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The application is for waiver of deposit of penalty of Rs. 5 lakhs imposed on the applicant under Rule 26. 2. The applicant is a sugar mill and consequent upon sale by it to an exporter cleared a quantity of sugar without payment of duty in terms of a bond executed by the purchaser....