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2003 (10) TMI 497

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.... for the Respondent. [Order]. -  In this application, waiver of pre-deposit and stay of recovery are prayed for in respect of an amount of penalty of Rs. 1 lakh imposed on the applicant by the Commissioner of Customs. The penalty has been imposed under Section 112(b) of the Customs Act, 1962. In the impugned order, some electronic goods have been absolutely confiscated under Section 111....