2001 (11) TMI 917 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai granted waiver of pre-deposit of penalty imposed on the applicants and allowed them to clear the goods by furnishing a bond, depositing Rs. 5 lakhs in cash, and paying fines and penalties as determined on finalization of the appeal. Recovery of penalty imposed on one of the applicants was waived and stayed pending the appeals. The applications were disposed of accordingly.