2013 (10) TMI 456

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..... t of penalty of Rs. 70 lakhs. The applicant also filed an application for early hearing of the stay petition. The applicant further filed a miscellaneous application for release of the goods. 2. Heard both sides and perused the records. 3. The case relates of importation of Monosodium Glutamate. The adjudicating authority enhanced the value of the goods and also demanded duty of Rs. 20.39 lakhs .....

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..... e applicant deposited entire amount of duty and the Bank guarantee and the bond are still alive. Therefore, the predeposit of penalty is waived and its recovery stayed till the disposal of the appeal. 6. The stay application is allowed. 7. After considering the facts and circumstances of the case, we dispose the miscellaneous application for release of the goods by way of fixing the appeal for h .....

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