TMI Blog2010 (1) TMI 1070X X X X Extracts X X X X X X X X Extracts X X X X ..... the waiver of pre-deposit of the following amounts : (i) Duty Rs. 52,05,524/- (Rupees Fifty-two lakhs five thousand five hundred and twenty-four only) (ii) Penalty Rs. 5,00,000/- (Rupees Five lakhs only) (iii) Penalty Rs. 10,000/- (Rupees Ten thousand only). 2. The issue involved in this case is regarding the confirmation of the demand of Customs duty on the raw materials, consuma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IFR and as per the order of BIFR, the Customs authorities are precluded from taking any coercive action for the recovery of the amounts confirmed by the Adjudicating Authority. She draws our attention to the said order dated 20-2-2006. 4. Learned DR would submit that the show cause notice clearly indicates the allegation for recovery of the Customs duty foregone by the Revenue on the inputs/raw ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... find that the Board for Industrial and Financial Reconstruction vide order dated 20-2-2006, ordered as under : We have carefully considered the matter and having regard to the fact that the company has been parking before the Board for its revival, we, under the powers conferred on us under Sections 22(1) and (3) of the SICA, direct the Commissioner of Customs and Central Excise, Guntur that n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1 It can be seen from the above reproduced portion of the order of BIFR, that this order was in relation to the impugned order which is assailed before us. It is also seen from paras 4 and 5 of the order as reproduced above that the Commissioner of Customs and Central Excise has been directed that no coercive action should be taken. Revenue is not able to point out or bring to our notice whether t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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