TMI Blog2003 (10) TMI 687X X X X Extracts X X X X X X X X Extracts X X X X ..... e appellants, M/s. Sea Gold Aqua Farms Ltd., Visakhapatnam, a 100% E.O.U., had exported consignment of Black Tiger Frozen Shrimps. Their clearing Agent, M/s. VBC Ltd., Visakhapatnam, by mistake filed shipping bills under DEPB scheme although the goods were cleared from 100% E.O.U. The goods were exported in July, 1997. However, on realising the mistake that shipping bills have been filed under DEP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enalty on the appellants. She also pleaded that penalty is justified for misdeclaration in the shipping bills. 4. The learned Counsel appearing for the appellants submitted that there was no misdeclaration of the goods in the shipping bills but there was a mistake to mention that export is under DEPB instead of from 100% E.O.U. 5. On going through the submissions made by both sides, I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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