2004 (5) TMI 405

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....Departmental Representative. 2. None appearing on behalf of the applicants in spite of notice. The applicants filed this application for waiver of pre-deposit of duty of Rs. 71,698/- and penalty of Rs. 50,000/-. The demand is confirmed in respect of the shortage of the finished products and during verification, it was also found that the finished product was also in excess to the recorded ba....