2005 (3) TMI 617

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....espondent. [Order per : T. Anjaneyulu, Member (J)]. -  These applications are filed for stay for grant of waiver of pre-deposit and stay its recovery under Section 129E of the Customs Act, 1962, by the appellants. 2. On intelligence, the Officers of Customs Division, Surat, seized truck No. GJ-5U-3234 with 8786 Kgs. of imported Polyester Yarn valued at Rs. 7,02,880/- loaded at the pre....

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....under the Customs Act, 1962. 3. Show cause notices dated 18-3-2002 were issued to the appellant-company and others. 4. The adjudicating authority vide his Order-in-Original dated 8-9-2003 ordered for confiscation of the seized goods and imposed redemption fine of Rs. 50,000/- under Section 125 of the Act as the goods had been released provisionally. He confirmed demand of Customs duty ....

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....rector of M/s. Goyal Synthetics Pvt. Ltd., Shri Rajesh Shrikishanji Goyal, are also upheld. The penalty imposed on the owner of the vehicle is also upheld. Further, the Commissioner of Customs (Appeals) set aside the demand and confirmation of duty under Section 28(1), read with Section 72 of the Act by the officers attached to Commissioner, Customs, Ahmedabad, in respect of the goods cleared clan....