2015 (9) TMI 482

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..... ctly involved in claiming undue DEPB benefits – Prima facie, penalties are impossible on applicants – Therefore, all applicants are directed to make pre-deposit within period of four weeks and report compliance – Upon deposit of said amount, pre-deposit of balance amount of penalties would be waived and its recovery stayed till disposal of appeals – Decided against applicants. - C/S/53-56/2012 in .....

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..... vail undue DEPB benefits. It is seen from the records that the applicants exported the goods by mis-declaration, which was recalled and brought back by the DRI Officers for detailed investigation. M/s. Umang Overseas and Shri Shiyam Sundar filed these applications for waiver of pre-deposit of penalty of ₹ 45,00,000/- and ₹ 10,00,000/- respectively and M/s. Narayan Impex and Shri Rajiv .....

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