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2004 (2) TMI 196 - AT - CustomsExtract: .......of Rs. 2,55,014/- is confirmed against respondent M/s. Indian Watch Parts Mfg. and duty demand of Rs. 90,277/- is confirmed against respondent M/s. Ruchi Ram and Sons. Further, penalties of Rs. 1,25,000/- and Rs. 45,000/- are imposed on M/s. Indian Watch Parts Mfg. and M/s. Ruchi Ram and Sons respectively under Section 112 of the Customs Act, 1962.
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