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2013 (11) TMI 443
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....M.V. Ravindran: This Stay Petition is filed for waiver of an amount of penalty of Rs.10 lakhs imposed by the adjudicating authority under the provisions of Section 112(b) of Customs Act, 1962. 2. Heard both sides and perused the records. 3. The penalty has been imposed by the adjudicating authority on the ground that the appellant had engaged himself in procuring goods on High Sea Sale ba....