2005 (1) TMI 452

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....tty, Advocates, for the Applicant. Shri K.K. Srivastava, JDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - The applications for waiver of pre-deposit of duty as detailed hereunder arise out of the order of the Commissioner of Customs (E.P.), Mumbai:- Sr. No. Name of the applicant Duty 1. J.M. Tex (P) Ltd. Rs. 10,04,296/- 2. Ramgopal Polyt....

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....ure bond waiver and got the licences endorsed as freely transferable. On the above basis, show cause notices were issued to the original licence holder as well as the transferees, proposing confiscation of exported goods and due to the non-availability of the goods as they had already been exported, proposing imposition of penalty on Sonal Impex Corporation under Section 114 and proposing recovery....