2008 (8) TMI 926

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....ong with one Yusuf Dhanani, had fraudulently prepared bills of lading and cheated the Revenue of a huge amount. 2. On 2-1-2002, the appellant was admitted to bail by the High Court. On 22-2-2002, Yusuf Dhanani was arrested and thereafter detained under S.3(1) of the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 (hereinafter referred to as "COFEPOSA"). The order....

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....appellant without imposing conditions, and, accordingly, while granting immunity the Settlement Commission took note of the fact that dues amounting to Rs. 7,64,224 had been deposited. An additional penalty of Rs. 50,000 was also imposed by the said Settlement Commission, against which the appellant moved the High Court in its writ jurisdiction and the matter was ultimately remitted to the Settlem....