1994 (9) TMI 187 - AT - Customs

Summary

The Appellate Tribunal CEGAT, New Delhi considered a Stay Application for waiver of a penalty of Rs. 3,00,000 imposed under Section 112 of the Customs Act, 1962. The applicant argued lack of involvement in unauthorized import, while the JDR opposed, citing high-profit car sales. The Tribunal directed the applicant to pre-deposit Rs. 75,000 by November 30, 1994, with the balance penalty stayed pending compliance. Compliance to be reviewed on December 2, 1994.