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2012 (9) TMI 875 - AT - Central ExciseCompilation of documents - Whether the security offered by the appellant in the form of deposit of title deeds pertaining to the landed property would subserve the revenue’s interest in terms of Section 35F of the Central Excise Act - Held that:- security in any form whatsoever offered by the appellant should be one enforceable against the appellant in the event of their losing their appeal. A bank guarantee is, indisputably, one such enforceable security - The deponent, who has verified and filed the appeal, should categorically undertake that he has no objection to the respondent enforcing this security against the appellant in the event of the latter losing the case. We, therefore, expect the deponent to file such undertaking in unequivocal terms within a reasonable time. They shall file this undertaking with the respondent so as to enable him in due course to enforce the security which is being furnished in the form of title deeds by the appellant, in the event of the appellant losing this appeal. The appellant shall do this without any delay, at any rate before 27-9-2012, and report compliance to this Bench on 27-9-2012. The counsel for the appellant shall permit the learned Special Consultant for the respondent to peruse the relevant documents in the meanwhile - Decided in favour of assessee.
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