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2014 (7) TMI 231 - AT - Central ExciseWaiver of pre deposit - appellants, submits that in view of Section 22 of the Sick Industrial Companies (Special Provisions) Act, 1985, the appellant need not deposit the amount, as ordered by the Tribunal, as protection is available to the appellant under the said provision. - duty of waste and scrap generated during the course of manufacture of wires and cables - Held that:- against the total outstanding dues of 5.90 Crore confirmed against all the applicants, a pre-deposit of ₹ 8,53,502/- would meet the ends of justice. As already mentioned above, the said amount of ₹ 8,53,502/- is around 1.44% of the total dues and 3.32% of the total duty confirmed, which in our opinion, would not result in any undue hardship to the Applicant, in the circumstances, when the total Revenue of the Applicant is ₹ 25175.10 Lakhs; Cash and Cash equivalents ₹ 1340.52 lakhs; and investments are ₹ 448.64lakhs for the financial year ending 31.03.2013. - stay granted partly.
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