1994 (1) TMI 169

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..... r : R. Jayaraman, Member (T)]. - This Bench, in its interim Order No. 1223/93-WRB, dt 6-7-1993 directed the applicant to deposit Rs. 2,00,000/- as against the penalty of Rs. 10,00,000/- imposed on him vide Order- in-Original No. S/14-5-17/90 Pint dt. 26-9-1991 passed by the Collector of Customs (P) Bombay. This Misc. application seeks to modify the terms of the aforesaid interim order. 2. S .....

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..... hearing the appeal leaving the deptt. to recover the amount in accordance with law, Shri Wazifdar pleaded that reasonable deposit be ordered, having regard to the offer made at the time of hearing of the stay petition limited to the extent of Rs. 25,000/-. Shri Wazifdar also wanted to argue on prima facie grounds regarding the validity of the order. This has already been considered by us at the ti .....

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..... otal net assets, we are inclined to reduce the quantum of deposit to Rs. one lakh. This amount should be deposited within a period of 10 weeks from the date of communication of this order and reporting compliance within 11 weeks failing which his appeal is liable to be dismissed. The applicant is also at liberty to make the deposit in instalments, but the total amount of Rs. one lakh should be cle .....

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