Per S.L. Peeran : All these 4 appeals arises a common question of law and facts and hence they are taken up together for disposal as per law.

2. Appeal No. C/134 136/2003 arises from common Order-in-Original No. 544/2003 dated 9.5.2003 in which the Commissioner of Customs, Chennai has held that a quantum of 1039.910 MTs of offending goods covered under two ware house bills of entry No. 446330 and 446331 both dated 9.12.2000 valued at Rs. 79,81,088/- and that they are liable for confiscation under Section 111 (m) (o) of the Customs Act, 1962. He has given an option to redeem the same on payment of fine of Rs. 8.00 lakhs. He has imposed a penalty of Rs. 2.00 lakhs on M/s. Goyal Ispat Ltd., the importer under Section 112 (a) of the Customs Act and in terms of his findings in para 55 of the order and a penalty of Rs. 1.00 lakh on M/s. Ace Kargoways Pvt. Ltd. has been imposed under Section 112 (a) of the Customs Act in terms of his findings arrived at para 56 of his order.

3. The short facts of the case in these two appeals are that the appellants had imported re-rollable steel scrap cutting and filed bill of entry for clearing the same and later they were bonded. On information