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2015 (10) TMI 1245 - AT - Central ExciseWaiver of pre deposit - removal of MS ingots clandestinely without payment of duty - Held that:- Considering that the applicant had already deposited ₹ 10.00 Lakhs and offers to deposit further an amount of ₹ 10.00 Lakhs, which in our opinion is sufficient to hear the appeals. Consequently the Applicant M/s. Atlanta Commodities is directed to deposit ₹ 10.00 Lakhs within a period of eight weeks from today and report compliance on 03.09.2015. On deposit of the said amount, pre-deposit of balance dues adjudged against M/s. Atlanta Commodities Pvt.Ltd. and the entire penalty against Shri Bharat Bhushan Sachdeva would stand waived and its recovery stayed during pendency of the appeal. It is made clear that failure to deposit the amount by M/s.Atlanta Commodities would result in dismissal of both the appeals without further notice. - Partial stay granted.
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