2014 (11) TMI 153 - AT - Customs

Waiver of pre-deposit of penalty - DGFT notification No. 38/2007 dated 15.10.2007 - Misdeclaration of goods - Held that - As on examination of goods it was found that in fact applicants were exporting non-basmati rice and as the same was declared as basmati rice. Therefore, we find no case for total waiver of pre-deposit of penalties. However, taking into account the facts and circumstances of the case, the applicant is directed to deposit ₹ 3,00,000 towards penalty within a period of six weeks. - Stay granted partly.

Summary

The applicant's request for waiver of penalty of Rs. 7,00,000 was partially granted. They were directed to deposit Rs. 3,00,000 within six weeks. The remaining penalty amount was waived during the appeal process. Compliance was to be reported by 29.5.2014.