2013 (11) TMI 443

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..... filed for waiver of an amount of penalty of Rs.10 lakhs imposed by the adjudicating authority under the provisions of Section 112(b) of Customs Act, 1962. 2. Heard both sides and perused the records. 3. The penalty has been imposed by the adjudicating authority on the ground that the appellant had engaged himself in procuring goods on High Sea Sale basis and subsequently diverted the said mater .....

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..... n eight weeks from today and report compliance on 16.05.2013 to Deputy Registrar of this Tribunal. Deputy Registrar, on ascertaining such compliance, place the file before the Bench on 23.05.2013 for further appropriate order. On such compliance being reported, the application for waiver of the balance amounts involved is allowed and recovery thereof stayed till the disposal of appeal. (Dictated .....

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