2009 (4) TMI 576

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..... hese applications towards staying operation of the order of Commissioner of Customs (Import) dated 21-10-08 and for early hearing of the appeal were fixed for hearing today but on the joint request by both sides and after hearing for sometime I felt that the appeal itself can be disposed of. 2. The main issue is that non-production of 'Relaxation' or 'No Objection Certificate' from DGFT for .....

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.....  After considering the fact that the appellant has complied the necessary requirement as per Foreign Trade Policy under Foreign Trade (development & regulations) Act, 1992 and is suffering demurrage losses, the redemption fine is waived and the penalty under Section 112(a) is reduced to Rs. 25,000/-. Accordingly stay application and application for early hearing are also disposed off in above .....

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