2009 (4) TMI 576

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..... lications towards staying operation of the order of Commissioner of Customs (Import) dated 21-10-08 and for early hearing of the appeal were fixed for hearing today but on the joint request by both sides and after hearing for sometime I felt that the appeal itself can be disposed of. 2. The main issue is that non-production of Relaxation or No Objection Certificate from DGFT for clearance of .....

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..... ing the fact that the appellant has complied the necessary requirement as per Foreign Trade Policy under Foreign Trade (development regulations) Act, 1992 and is suffering demurrage losses, the redemption fine is waived and the penalty under Section 112(a) is reduced to Rs. 25,000/-. Accordingly stay application and application for early hearing are also disposed off in above terms. (Pronounce .....

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