2003 (8) TMI 285

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..... DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. Application by S.C. Brothers is for waiver of deposit of duty of Rs. 2.86 lakhs approx. and equivalent penalty. Application by K.D. Sanghvi, its partner is for waiver of deposit of penalty of Rs. 50,000/-. 2. The demand for duty and the penalty are consequent on the finding that the applicant did not pay duty on ferrous s .....

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..... e to be manufactured out of them, the applicant should have some basis to ensure that the weight of the casting will be correspondent with the weight of the scrap sent after allowing for the manufacturing loss. The security in the applicant s factory would have also required weight of goods that left the factory. It is not denied that no duty was paid on these goods. We, therefore, think it approp .....

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