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1991 (10) TMI 169 - CEGAT, BOMBAYExtract: .......on. The applicant seems to be having an arguable case on merits. In the circumstances, we direct the applicants should be give an undertaking to keep balance in RG 23A an amount of Rs. 86.00 lacs, till the disposal of the appeal and on compliance with this requirement, there shall be stay and waiver of recovery of both the duty and penalty amounts.
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