1985 (4) TMI 314

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.... Shri A.K. Sarkar, SDR, for the Respondent. ORDER Shri Shrijee Sales Corpn., Atlanta, Nariman Point, Bombay-400021 has filed a stay application requesting for the grant of stay for the payment of penalty of Rs. 1,28,000/-. 2. Shri S.D. Nankani, the learned Advocate has appeared on behalf of the applicant. He has filed another petition dated 19th April, 1985 wherein it has been state....

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....be stayed. 3. In reply, Shri A.K. Sarkar, the learned S.D.R. has pleaded that the revenue's interest needs be safeguarded. He has referred to the provisions of Section 129E of the Customs Act, 1962. He has pleaded that the appellant should be permitted to make a part payment in cash and for the balance amount, bank guarantee may be furnished. 4. After hearing both the sides and goi....