1984 (12) TMI 294

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..... er things involves a question of valuation and as such outside the purview of the Regional Bench. When questioned by the Bench as to whether the valuation was for the purposes of assessment, Shri Kadiani submitted that it was not for the purposes of assessment but it was for the purposes of imposing penalty. He contended that the penalty should have a relation to the value of the goods and therefo .....

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..... or the financial sources of the applicant. Therefore, he would not be in a position to submit anything regarding financial position but he requested that the interests of the revenue may be safeguarded. 4. Considered the submissions made on both sides. The preliminary objection raised regarding the jurisdiction of this Bench to hear the appeal is rejected. The appellant had been imposed with a .....

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..... the entire amount of ₹ 25,000/-. 6. The applicant s obligation to maintain his wife and children and aged parents is both moral and legal. His obligation to maintain his sister and brother is only moral. Unfortunately for the applicant the law places one more legal obligation on him before his appeal could be heard on merit. That being, to deposit the duty demanded or penalty levied see S .....

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