2012 (7) TMI 912 - AT - Central Excise

Waiver of pre-deposit - Penalty - Rule 15(2) of Cenvat Credit Rules 2004 - Held that - the applicants are not serious to pursue their stay petitions. Therefore the applicants are directed to make 50% of the duty demanded in each case within 8(eight) weeks and report compliance on 12.09.2012. On compliance the pre-deposit of remaining dues adjudged would stand waived and recovery thereof would stand stayed during pendency of the appeal - Appeal dismissed.

Summary

The applicant sought waiver of pre-deposit of Rs. 19,51,315 and penalty under Cenvat Credit Rules, 2004, and Rs. 5,81,003 with penalty under Central Excise Rules, 2002. Despite adjournments, the applicants were not present, leading to dismissal of their appeal. They were directed to pay 50% of the duty demanded in each case within eight weeks, with compliance to be reported by 12.09.2012. Failure to comply would result in dismissal of the appeals without further notice.