1995 (6) TMI 29

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..... g. Heard counsel. 1. The petitioner preferred appeal before the Customs, Excise and Gold (Control) Appellate Tribunal to challenge the order dated March 31, 1992 passed by the Collector of Customs imposing a penalty of Rs. 25,00,000/-. The petitioner filed an application for dispensing condition of pre-deposit of the penalty amount. The petitioner claimed that his financial condition was not sou .....

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..... ise to the present petition. 3. Shri Vasudeo, learned counsel appearing on behalf of the petitioner, tried to give some excuses for non-deposit. The excuses do not impress us and we made it clear to the learned counsel that unless the petitioner brings Rs. 25,00,000/- by bank drafts drawn in favour of the Collector of Customs, we will not entertain the petition. Today, Shri Vasudeo has handed ov .....

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