2007 (3) TMI 502

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....Appellant. Shri S.G. Dewalwar, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - We have heard both sides on the applications for waiver of pre-deposit of duty of Rs. 12,78,323/- and penalty of Rs. 6,00,000/- imposed upon M/s. Transasia Bio-Medicals Ltd. (hereinafter referred to as the importers) and penalties of Rs. 1,00,000/- on its managing director and Rs. 5....