2009 (4) TMI 643

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.... Heard both sides on the application for waiver of pre-deposit of penalty of Rs. 10,000/- imposed upon the applicants herein for import of used 'Chiller Unit (Industrial Cooling System)' containing Ozone Depleting Substance without import licence which according to the Revenue is required as the system contained such substance. 2. Although learned Counsel relies upon the policy interpretati....