2013 (2) TMI 420

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....llants Rep by: Shri S. Muthuvenkataraman, Adv. for Sl. Nos. 1 to 4, None for Sl. No. 5 Respondents Rep by: Shri Alok Shukla, Commissioner (AR) and Shri Parmod Kumar, Joint Commissioner (AR) Per Ashok Jindal: The applicants namely M/s. Glory Impex, M/s. K.T.V. Oil Mills Ltd., M/s. Crystal Traders and M/s. Jupiter Trading Corporation are seeking waiver of predeposit of duty, interest and pe....

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....f import against fraudulent DEPB scrips, duty was demanded along with interest and penalties were imposed against all the applicants and penalties on the co-applicant (broker Shri V. Sankaran). 4. None appeared on behalf of the applicant Shri V. Sankaran. But a request for adjournment has been received. As the main parties against whom duty demand has been confirmed are represented by Shri S. M....

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....rchasers. 6. Heard the learned counsel and perused the records. On perusal of the records we find that it is a case of import against fraudulent DEPB scrips. Therefore, duty is required to be paid at this stage. Same view was taken by this Bench in the case of K.I International & Ors. Vs. Commissioner of Customs - Final Order No. 701 to 767/2012 dated 14.6.2012, wherein it was held that the imp....