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2003 (12) TMI 542

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..... [Order per : Jyoti Balasundaram, Member (J)]. Arguing on the application for waiver of pre deposit of penalty of Rs. 50,000/- imposed on the applicant who is the director of M/s. Air and Sea Clearing Forwarding P. Ltd. (CHA), ld. Counsel Mr. Korde submits that the material on record is not sufficient prima facie to sustain the penalty. He submits that the only charge against the applicant .....

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