1999 (2) TMI 123

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..... the Respondents. [Order per : Gowri Shankar, Member (T)]. - Applications are for waiver of penalty imposed, Rs. 2 lakhs on Dipesh Textiles, Rs. 4 lakhs on Hasmukh Deochand Shah, its proprietor, and Rs. 1.5 lakhs on A.I. Lokhandwala. 2. First two applicants are absent despite notice. We have perused the appeals and stay applications and heard Shri M.H. Patil, Advocate for the third applica .....

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..... nths from the receipt of this order, the remaining portion of the penalty need not be deposited and its recovery stayed. 4. The only reason for imposition of penalty on the third applicant is that he is the owner of the godown from which some labels and other items, suggestive of an attempt to show the imported goods as Indian goods, were found. There is no specific finding by the Commissioner t .....

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