2007 (1) TMI 321

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..... per : C.N.B. Nair, Member (T)]. Heard both sides and perused record. 2. The stay application seeks waiver of the requirement to deposit drawback amount of about Rs. 61 lacs and penalty of Rs. 25 lacs. 3. The above demand and penalty have been imposed upon a finding that the exports of readymade garments made by the appellants to Moscow were hugely overvalued with intent to obtain undue d .....

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..... en the matter came the first time before the Tribunal. There is also a submission about the financial difficulty of the appellant. 5. Pre-deposit (amount) in the previous round was fixed in the context of the adjudication order being passed ex-parte. That order cannot be good in the present appeal, in as much, in terms of a remand order, adjudication has taken place with the participation of the .....

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