2001 (1) TMI 335

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..... Arya, SDR, for the Respondent. [Order per : J.H. Joglekar, Member (T)]. - Show cause notice dated 23-2-1994 was issued to the present appellants, seeking recovery of duty amounting to Rs. 27,85,296/- and imposition of penalty upon them. Offending goods valued at Rs. 84,00,000/- were alleged to be liable to confiscation and so were the land, building, plant, machinery etc. During the pendency of .....

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..... a fine of Rs. 20,00,000/- for their redemption. The bank guarantee furnished earlier was directed to be proceeded upon. Hence the present appeal. 2. Shri D.H. Shah shows us the Tribunal judgment in the case of Kedia Great Galleon Ltd. v. CCE - 2000 (40) RLT 671. We find this judgment to be covering the issues involved in the present appeal. In this judgment it was held that once satisfaction .....

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