1995 (6) TMI 29

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....a, learned counsel for the respondents waives service. By consent petition called out for hearing. Heard counsel. 1. The petitioner preferred appeal before the Customs, Excise and Gold (Control) Appellate Tribunal to challenge the order dated March 31, 1992 passed by the Collector of Customs imposing a penalty of Rs. 25,00,000/-. The petitioner filed an application for dispensing condition of p....

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....e Tribunal dismissing the appeal for non-deposit of penalty. The order of the Tribunal has given rise to the present petition. 3. Shri Vasudeo, learned counsel appearing on behalf of the petitioner, tried to give some excuses for non-deposit. The excuses do not impress us and we made it clear to the learned counsel that unless the petitioner brings Rs. 25,00,000/- by bank drafts drawn in favour....