2001 (9) TMI 222

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..... has been filed by the appellants against the impugned order of the Commissioner of Customs dated 15-3-2001. They had sought, through this application, waiver of pre-deposit of penalty amount of Rs. 1,00,000/- imposed under the Customs Act, as well as customs duty of Rs. 13,56,324/- and central excise duty of Rs. 3,830/-. 2. The learned Counsel has contended that confiscated imported capital goo .....

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..... have actually committed breach of the export obligation or not, requires detailed scrutiny of the facts and the material brought on record. The imported capital goods as well as indigenous goods are already in the custody of the Customs authorities and in our view, the value of those goods is sufficient to protect the Revenue's interest for recovery of customs duty as well as excise duty if on me .....

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