TMI Blog2014 (4) TMI 760X X X X Extracts X X X X X X X X Extracts X X X X ..... of Rs.3.5 crores, prima facie, we found that there was note book and other documents which indicated movement of semi-finished goods without payment of duty and statement of transporters, director and employee. On a specific query from the Bench, Shri Kanti Mohan Mishra submitted that the statement given by the Director and employee are not retracted. He also submits that they are not disputing t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d Representative For the Respondent : Shri Manoj Kutty, A.R. ORDER Per: M.V. Ravindran: This application is filed for modification of Stay Order No.S/2189 to 2194/WZB/AHD/2012, dt.27.09.2012 passed by this Bench, directing the appellant to deposit an amount of Rs.3.5 crores and report compliance on 27.12.2012. The appellant has filed this application for modification on 24.12.2012. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cting the appellant to pre-deposit an amount of Rs.3.5 crores, prima facie, we found that there was note book and other documents which indicated movement of semi-finished goods without payment of duty and statement of transporters, director and employee. On a specific query from the Bench, Shri Kanti Mohan Mishra submitted that the statement given by the Director and employee are not retracted. H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... so indicate that the appellant has given un-secured loan and considered to be good to others to the tune of Rs.32.52 crores, which definitely if recovered, can help them to deposit an amount of Rs.3.5 crores, which is ordered to be pre-deposited. It is also to be mentioned that as against the confirmed demand of approximately Rs.19 crores and interest thereof and equal amount of penalty, we have d ..... X X X X Extracts X X X X X X X X Extracts X X X X
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