2014 (1) TMI 677

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.... Sri S. Misra, Addl. Commissioner (A.R.) and Sri A.K. Biswas, Supdt. (A.R.) ORDER Per DR. I.P. LAL Heard both sides. 2. The applicant has filed this application for waiver of penalty of Rs.1,05,560/-. They have exported a consignment of 'Diesel' under bond to Nepal. The said consignment was seized by the police authorities and therefore they could not export the consignment. The appell....

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....rtment, they were required to pay penalty. 4. I find that according to the procedure laid down under Notification No. 45/2001-CE (NT), the exporter is required to execute a bond for export to Nepal and is also required to submit the proof of export to the said officers. In case of failure to export, the exporter is required to pay the duty alongwith interest which has been paid in this case. Si....