1988 (1) TMI 42

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..... the petitioners albeit under protest and without prejudice to their rights and contentions in their pending appeal before the Tribunal. What remains is only the penalty amount which is Rs. 20,000/-. The Tribunal itself in its own order found no apprehension at all qua the petitioners' capacity to pay the said amount if it so becomes necessary. The Tribunal has also observed that there is a prima .....

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..... mphasized the position that as M/s. Alcudia was an undertaking of the Spanish Government itself and as the invoice of the aforesaid company was authenticated by the Embassy of India in Spain, the petitioners were convinced by the authenticity of the exporter and were further convinced that the price per tonne Offered by the said exporter genuinely reflected the international price at the relevant .....

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