1994 (1) TMI 102

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....of certiorari quashing the order dated 29-10-1993 passed by the Customs, Excise and Gold (Control) Appellate Tribunal, New Delhi, whereby the petitioner's application for seeking exemption from pre-deposit of the duty amount of Rs. 37,85,530.60 is modified Rs. 10 lakhs (Rupees ten lakhs only) in cash and furnish bank guarantee for an amount of Rs. 5 lakhs to the satisfaction of the Collector, Cust....

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.... the residual value of the equipments at the time of shipment from Iraq. It is contended that the petitioner is running the losses and is not in a position to comply with the order impugned. 4.Having heard the learned counsel, this Court is of the opinion that the Appellate Tribunal has already considered the case of the petitioner and has extended maximum possible concession in favour of the p....