1995 (6) TMI 104

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..... Jain, Member (T)]. The subject Miscellaneous Application prays for modifying the Stay Order No. SP : 229/CAL/91, dated 12-4-1991 in view of the subsequent developments on the issues involved in the appeal. By the Stay Order, dated 12-4-1991 the Tribunal had directed the applicants to deposit a sum of Rs. 50,000.00 towards the penalty of Rs. 1,25,000.00 which was imposed on the applicants, w .....

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..... f importation of the goods by the appellants, could the importation be made in the case of additional licence. This point we observe is also decided in favour of the importers in that judgment of Calcutta High Court mentioned supra. In view of the aforesaid judgments, learned Counsel has submitted that this is a fit case for modifying the Tribunal s earlier Stay Order of 1991 and the pre-deposit o .....

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