2006 (11) TMI 444

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....dy, JDR, for the Respondent. [Order per : S.L. Peeran, Member (J)]. - The appellant is seeking waiver of pre-deposit of Rs. 2 lakhs. They have already deposited Rs. 25,000/-. The imported goods are machinery parts which were imported through bills of entry and the total value of the goods was more than Rs. 28,26,001/-. The value was not accepted and department proceeded to reduce the value. ....

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....f value of goods sold illegally even before the impugned order was passed. Heard learned DR. 2. We are of the considered opinion that the submission made by the counsel have strong force. For the first time we have come across a case where the revenue has proceeded to sell the goods by auction when the assessments were still pending. Prima facie, the procedure is irregular and not as per l....