2013 (11) TMI 394

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....R Per: P.G. Chacko; This application filed by the appellant seeks waiver of predeposit and stay of recovery in respect of two penalties imposed on them by the Commissioner of Customs-Rs.25 lakhs under Section 114(i) and Rs.25 lakhs under Section 114AA of the Customs Act. After perusing the records and hearing both sides, we note that the two penalties are in connection with confiscation of a....

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....ant. 2. It is also on record that, when the Additional Commissioner's order was challenged by the party before the Commissioner(Appeals), the latter directed them to predeposit Rs.5 lakhs, which was deposited. Eventually, the appellate Commissioner reduced the quantum of penalty to Rs.3 lakhs and, consequently, an excess amount of Rs.2 lakhs predeposited by the party already in the case pertain....

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....Appeals). In the result, it is ordered as follows:- (a) The surplus amount of Rs.2 lakhs (Rupees two lakhs only) shall be reckoned towards predeposit in the present appeal. (b) A further amount of Rs.1 lakh (Rupees one lakh only) shall be deposited by the appellant within six weeks. Report compliance to the Deputy Registrar on 22/05/2013. Deputy Registrar to report to the Bench on 29/05/2....