2009 (7) TMI 1042

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..... a Sisupal, JDR, for the Respondent. ORDER We have heard both sides on the application for waiver of predeposit of penalty of Rs. 50 lakhs imposed on the assessees herein in terms of Section 112(a) of the Customs Act, 1962. Penalty has been imposed on the ground that the assessees had imported a tug without filing a Bill of Entry, therefore not paying duty thereon, and removed the tug from Chenna .....

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