2001 (12) TMI 757 - AT - Customs

Summary

The Appellate Tribunal CEGAT, Mumbai confirmed duty demand of Rs. 275,34,45,737 against the applicants for imported equipments for LNG facility. A penalty of Rs. 45 crores was imposed. The Tribunal waived pre-deposit of duty and penalty due to severe financial hardship faced by the applicants. The appeal was fixed for hearing on 18-2-2002.