2003 (12) TMI 479

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..... ondent. [Order]. These stay applications are filed by the applicants for the waiver of pre-deposit of duty amounting to Rs. 34.14 lakhs and equivalent penalty under Section 11AC of the Act and stay of the recovery proceedings. Apart from that penalty of Rs. 1 lakh has been imposed on the partner, Shri Swaminathan. 2. In support of the stay application, it was submitted by Shri Raghu th .....

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