2001 (8) TMI 212

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..... nt Naresh Shah. Applicant Mahesh Ganatra is absent and unrepresented despite notice. 2. Applications are for waiver deposit of penalty imposed on Naresh Shah of Rs. 30.00 lakhs (application 112), and Rs. 50.00 lakhs (application 114) imposed on him under Section 112 of the Act, and by Mahesh Ganatra of Rs. 10.00 lakhs (application 604) and Rs. 20.00 lakhs (application 600) again under Section 11 .....

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..... e assuming this to be correct, although the facts are in dispute, and the act of sale of the goods contrary to law - is too remote to invoke the provisions of the Customs Act. We also note that Naresh Shah has already deposited Rs. 22.00 lakhs in the course of the proceedings. The allegation against Mahesh Ganatra is more that he acted as an introducer between Naresh Shah and the applicants for li .....

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