2003 (9) TMI 205

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....Member (J)]. - The application for waiver of pre-deposit of penalty of Rs. 3 lakhs arises out of the order of the Commissioner of Customs who has directed confiscation of Palm Acid Oil imported by the applicants herein with an option to redeem the same on payment of fine of Rs. 8 lakhs, together with applicable duty, and also imposed penalty as above-mentioned, as a result of misdeclaration of the....