2001 (8) TMI 505

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..... r the Respondent. [Order per : Gowri Shankar, Member, (T)]. On it being pointed out by the representative of the applicant that the stay application in the appeal filed by H.M. Prabhakar, Managing Director of Intrade Impex Pvt. Ltd., had not been listed today, we have, with the consent of the departmental representative, taken up that application also. 2. We have heard both sides. 3. .....

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..... who issued the straight bill of lading had anything to do with the goods other than carrying them. 4. In this view of the matter, we waive deposit of the penalty imposed of Rs. 5 lakhs each on the Company and on its Managing Director and stay its recovery. The Commissioner has not quantified short levy and left it for quantification by the assessing officer. The representative of the applicant t .....

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