2000 (1) TMI 366

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..... R, for the Respondent. [Order per : G.N. Srinivasan, Member (J)]. Today only stay petition was posted for hearing. But with the consent of both sides, the appeal itself was taken up for disposal, after waiving pre-deposit. 2. In this case the appellants imported 3 units of second-hand printing machinery consisting of four colour perfecting offset printing machine, paper cutting machine .....

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..... 1999 which was indicated as 24-3-1999 in order to obtain the benefit of provisions of Exim Policy applicable to 1-4-1999. He imposed a fine of Rs.30 lakhs and penalty of Rs. 5 lakhs. Hence the appeal. 3. Shri K.M. Mondal, learned consultant, argues that he does not question the levy of penalty or redemption fine in the facts and circumstances of the case. He concedes that the appellants had chan .....

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