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2013 (10) TMI 946 - HC - Central ExciseWaiver of Pre-deposit – undue hardship - alleged that appellant forged documents for availing cenvat credit - CESTAT in [2012 (11) TMI 963 - CESTAT, NEW DELHI] dismissed the stay application - Held that:- The order passed by the Appellate Tribunal modified to the limited extent that if the petitioner deposits Rs.7 crores towards its assessed liability including the interest and penalty and furnishes irrevocable and unconditional bank guarantee for the balance amount, the Tribunal shall decide the petitioner's appeal on merits and in accordance with law. Reference made to the law laid down in Benara Valves Ltd. Versus Commissioner of Central Excise [2006 (11) TMI 6 - SUPREME COURT OF INDIA].
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