2003 (9) TMI 205

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..... ver of pre-deposit of penalty of Rs. 3 lakhs arises out of the order of the Commissioner of Customs who has directed confiscation of Palm Acid Oil imported by the applicants herein with an option to redeem the same on payment of fine of Rs. 8 lakhs, together with applicable duty, and also imposed penalty as above-mentioned, as a result of misdeclaration of the imported goods which were found not t .....

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..... irect pre-deposit of Rs. 1 lakh towards penalty within a period of eight: weeks from today and on such deposit the pre-deposit of balance amount of penalty shall stand waived and recovery thereof stayed pending the appeal. Failure to comply with this direction shall result in vacation of stay and dismissal of the appeal without prior notice. 3. Compliance to be reported on 22-12-2003. - - .....

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