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2014 (4) TMI 374 - CESTAT NEW DELHIWaiver of pre deposit - Confiscation of goods - Held that:- Indian currency belonging to M/s. Elpar Electricals P. Ltd. stand absolutely confiscated by adjudicating authority. We also further note that appellants final product worth Rs.10 lakhs stand confiscated and the appellants gives an undertaking not to redeem the same during pendency of the appeal. As such, same gives sufficient security for demands in question. At this stage, by taking into consideration the statement of learned advocate that duty liability if at all would be around Rs.6.5 lakhs, we direct the applicant M/s. Elpar Electricals to deposit further amount of Rs.3.25 lakhs within a period of 12 weeks - Conditional stay granted.
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