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2013 (11) TMI 1187 - AT - Central ExciseDemand of Interest – Imposition of Penalty – Held that:- In order to direct the appellant to pre-deposit an amount towards interest liability, there should be some amount which has to be quantified by lower authorities - In the absence of any amount, it is not possible to come to any conclusion as to how much amount be directed to be deposited - the appellant is a public sector undertaking, Revenue’s interest in the form of interest or penalty on the appellant, will not be unsecure - the application for waiver of pre-deposit of amount of interest and penalty needs to be allowed – Stay granted.
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