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2006 (11) TMI 222 - SC - Central ExciseStay/Dispensation of pre-deposit - Quantum of pre deposit - Held that:- Earlier assessee was directed to find out whether it is prepared to deposit 1/5th of the amount due - Now since assessee is prepared to pay 1/5th of the amount of tax due provided three months' time is granted to the appellant to deposit the same - therefore appellant is directed to deposit/hand over the demand drafts with/to the Respondent within a week. Respondent is directed to accept the same. On production of a receipt of the aforesaid deposit, the Tribunal shall hear the appeal on merits. In case the appeal fails, the appellant would be liable to deposit the remaining amount along with statutory interest thereon - Decided partly in favour of assessee.
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