2000 (11) TMI 415

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..... pondents. [Order]. - The applicants filed this application for waiver of pre-deposit of duty amount of Rs. 2,27,286/- and penalty of Rs. 1 lakh on M/s. Veekay General Industries and penalty of Rs. 25,000/- on Shri R.C. Prasad, authorised representative of M/s. Veekay General Industries. 2. Learned Counsel appearing on behalf of the applicants submits that the applicants are engaged in the .....

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..... the applicant is that it is an intermediate product and was in semi-finished condition which is clear from the Panchnama as well as from the statement of Shri R.C. Prasad. In these circumstances, prima facie, the balance of convenience is in favour of the applicant. Therefore, the duty & penalty is waived for the hearing of the appeals. Registry is directed to list the appeals on 10-1-2001 for ar .....

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