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1988 (7) TMI 70 - HC - Central ExciseExtract: .......issal of the writ petition and vacation of the stay order, the bank guarantees issued by various banks shall be encashed in favour of the respondents forthwith. Further, the petitioner-company is directed to pay the balance amount of excise duty in terms of its undertaking to the respondents. The petitioners shall also pay costs to the respondents.
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