2014 (3) TMI 757

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....EMENT Per: Mathew John: Two applications in two appeals arising from the same impugned order are being considered together. The first applicant is a subsidiary of M/s. Givaudan India Pvt. Ltd., (GIPL), a foreign company. The second applicant is Director Finance of the first applicant. The applicant company is importing fragrance and flavor components supplied by their parent company abroad. ....

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....demand of Rs.3,09,46,559/- is confirmed against the applicant company along with interest and penalties. Further a penalty of Rs.25 lakhs is imposed on the second applicant. The applicant submits that during the investigation stage they had deposited an amount of Rs.1.5 crores and pleaded that this amount may be considered as sufficient for the purpose of admission of the appeal. 2. The learned....

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.... samples cannot be a basis for deciding the value of regular imports which involve large quantities. Therefore, he submits that he has very strong case on merits and for this reason the appeal may be admitted without any further pre-deposit. 3. Opposing the prayer the learned Authorized Representative for the Revenue points out the statement of Shri Mohan C. Suvarna, Director (Finance) of M/s. ....