2004 (11) TMI 355

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..... Shobha L. Chary, JCDR, for the Respondent. [Order per : S.L. Peeran, Member (J) (Oral)]. - This appeal arises from OIO No. 5/03 dated 8-4-2003 passed by the Commissioner of Customs, Visakhapatnam, confirming demands and imposing penalty of Rs. 1,000/- under Section 114 of the Customs Act, besides confirming interest @ 24% on the ground that the appellants have failed to fulfil the export o....

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....low two years time to reconcile the exports made by the appellants against duty free imports for which log-in could not be completed. In page 17, a direction has been given to the Customs Authorities to allow for extension of Bonds for materials imported in the past. It was also directed that the Customs Authorities to also charge the new rates of import duty on the materials and to waive interest....

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....hold the Commissioner's order. 4. On a careful consideration, we find force in the learned Counsel's submission. In the first instance, the Commissioner has not heard the appellants and the order is clearly violative of Principles of Natural Justice. Be that as it may, we find that after the Commissioner's order, the BIFR has passed their order on 26-12-2003 in Order No. 327/1999. The IDBI....