2014 (4) TMI 515

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.... For the Respondent : B. K. S. Raghuwanshi, Amit Mahajan ORDER In the present appeal, the appellant has challenged the order dated 8.4.2013 passed on the application under Section 129-A (4) of the Customs Act by which the Tribunal has waived the deposit of penalty amount and has directed to deposit a sum of Rs.12 crore in 8 weeks. Over and above, bank guarantee of Rs.70 lac was directed to b....

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....nt Commissioner, the documents of the immovable property worth more than Rs.9 crores have been furnished. The security has been accepted by the Assistant Commissioner, Customs and Central Excise (ICD), In-charge Bhadohi. Learned counsel for the appellant submitted that the basis for demand for the periods of 2004-05 to 2008-09 is wholly unjustified. The objection has been raised in respect of t....

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....the Tribunal is wholly justified. We have considered rival submissions and perused the record. We are of the view that it is a matter of adjudication that whether the allegation made by the Department in respect of three consignments is correct or not and whether on the basis of such allegation in respect of three transactions the duty can be demanded for the past periods. Having regard t....