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1997 (1) TMI 107 - SC - Central ExciseExtract: .......hall be liable to pay back the amount drawn out by them to the department, subject of course, to any order of stay by the appellant (sic) authority. Meanwhile, if the bank guarantees are not renewed before one month of their expiry, the bank guarantee can be encashed by the Revenue. 9.The appeals are disposed of with the above directions. No costs.
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