2004 (6) TMI 502

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..... dent. [Order per : P.G. Chacko, Member (J)]. - There is a total demand of duty and interest thereon amounting to Rs. 54,37,268/- on the appellants as per the impugned order. The order itself notes that the said amount was deposited voluntarily by the party before the issuance of the relevant show cause notice. What remains for the instant purpose is a penalty of Rs. 13,59,317/- imposed by .....

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..... 1AC ibid is squarely applicable in principle to a penalty imposed in similar circumstances under Section 114A of the Customs Act. 3. We have heard ld. DR also. 4. We are impressed by the above submission of the Counsel. Following the ratio of the Larger Bench decision, we take the view that the appellants have a strong prima facie case in relation to the penalty imposed on them under Section 1 .....

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