2010 (12) TMI 498

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....tava, SDR, for the Respondent. [Order (Oral)]. - The Misc. application, is seeking to vary the terms of Stay Order No. 394/09 dated 21-7-09 in which it has been ordered that the bank guarantee of Rs. One lakh furnished by the appellant would be kept with the revenue till the disposal of appeal. With the consent of both sides, the Misc. application is disposed of and the appeal itself is take....

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....lding that there is mis-declaration of the description in the pre-inspection certificate, he ordered confiscation of the goods and allowed the same on payment of redemption fine of Rs. 1,25,000/- and imposed a penalty of Rs. 75,000/-. On appeal, Commissioner (Appeals) reduced to the redemption fine to Rs. 75,000/- and penalty to Rs. 25,000/-. 3. Vide Stay Order No. 21-7-09, on the basis of....