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2013 (9) TMI 622 - CESTAT MUMBAIStay petition for redemption fine – Held that:- stay can be granted against recovery of fine also even though the Section 129E which deals with grant of stay does not specifically mention about redemption fine - court granted waiver of pre-deposit of redemption fine on the goods imported by the assessee and stay recovery – court relied upon the judgement of Babubhai Patel & Co. Vs. Collector of Customs, Bombay (1984 (3) TMI 349 - CEGAT, BOMBAY) - appellate authority had the incidental and ancillary power to grant the interim relief asked for the release of imported goods on payment of duty but without payment of fine imposed in lieu of confiscation – decided in favour of assessee.
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