2004 (4) TMI 595 - SCH - Central Excise

Summary

The Supreme Court considered altering the pre-deposit condition imposed by the tribunal for entertaining the appellant's appeal. The court decided that in addition to the Rs. 15,00,000 cash deposit already made, the appellant must furnish a bank guarantee of Rs. 5,00,000 from a Nationalised Bank within three months. If the bank guarantee is provided, the tribunal will proceed to hear the appeal on its merits.