2003 (5) TMI 388

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....vocate, for the Appellant. None, for the Department. [Order]. - M/s. N.S. Corporation and Sh. Prem Kumar Gupta, Proprietor of M/s. N.S. Corporation (henceforth referred to as the applicants) have filed applications under Section 127B of the Customs Act, 1962 to settle the dispute arising out of Show Cause Notice dated 14-11-2002. 2. Brief facts of the case are that the applicants ....

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...."44. Now, therefore, the said (i) M/s. N.S. Corporation; (ii) Sh. Prem Kumar Gupta the Prop. of M/s. N.S. Corporation; (iii) Sh. Manoj Shinghal, (iv) Sh. Raman Gupta are hereby called upon to show cause to the Commissioner of Customs, New Customs House, New Delhi within 30 days of receipt of this notice as to why :- (a)       The value of the goods as declared....

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....ot be confiscated under Section 111(m) of the Customs Act, 1962. (d)      Penalty should not be imposed on the importer M/s. N.S. Corporation and Sh. Prem Kumar Gupta under Section 112(a) and/or Section 114A of Customs Act, 1962. (e)       Penalty should not be imposed on Sh. Raman Gupta and Manoj Gupta under Section 112(a) of the Custom....

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....ld amend the application suitably. 6. During the said hearing Revenue was not present. 7. The applicants vide their miscellaneous application dated 16-4-2003 have amended column 12 of the application. Column 12 of the application refers to admitted duty liability of the applicants. The applicants have stated that their duty liability comes to Rs. 12,80,188/- as indicated in the Sho....