2013 (9) TMI 622

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....ication is for staying the recovery of redemption fine imposed on the equipments imported by the appellant vide Order dated 22.1.2010. The duty demand of Rs.86,17,471/- was confirmed on the appellant along with interest thereon. The goods were confiscated with an option to redeem the same on payment of fine of Rs.45 lakhs. An equivalent amount of penalty was imposed on the appellant and penalty of....

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.... 1984 (17) ELT 152 (Tri), wherein an identical issue arose and the Tribunal decided that the Tribunal as an appellate authority has the incidental and ancillary power to grant the interim relief asked for the release of imported goods on payment of duty but without payment of fine imposed in lieu of confiscation. Accordingly, the Tribunal held that stay can be granted against recovery of fine also....