2013 (1) TMI 34

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..... Kang: Applicant filed this application for waver of pre-deposit of interest and penalty. The applicant is a purchaser of DEPB scrips and they purchased a DEPB Licence from M/s Rajat Pharmachem Ltd. The case of the Revenue is that M/s Rajat Pharmachem Ltd. procured the DEPB Licence by producing false documents. M/s Rajat Pharmachem Ltd. accepted the duty liability before the Settlement Commiss....