2013 (12) TMI 352

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..... S S Kang: Heard both sides. 2. The applicant filed this application for waiver of pre-deposit of interest and penalty of Rs.17,72,626/- 3. The contention of applicant is that applicant purchased DEPB Scrip from the market which was obtained by M/s. Rajat Pharmachem Ltd. The allegation is that M/s. Rajat Pharma Ltd. inflated the value of the exported goods to get undue DEPB Scrip which was sold .....

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..... that there is no finding in the adjudication order that applicant connived with M/s. Rajat Pharmachem Ltd. to DEPB Scrip fraudulently. The duty liability is admitted by M/s. Rajat Pharmachem Ltd. before the settlement Commissioner and the same has been paid. In the absence of finding that applicant connived with M/s. Rajat Pharmachem Ltd, in obtaining the advance licence. Prima facie the applican .....

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