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2008 (3) TMI 340 - HIGH COURT OF GUJARAT AT AHMEDABADStay/dispensation of pre-deposit - Held that:- Since the Tribunal itself had granted an indulgence to the petitioners of furnishing Bank Guarantee of ₹ 2.25 lacs on 26-7-2007 and since the petitioner had already furnished a Bank Guarantee for further amount of ₹ 2.75 lacs on 17-10-2007, we have permitted the petitioners to make deposit towards duty demanded by Order in Original to the extent of ₹ 5 lacs including the Bank Guarantee of ₹ 2.75 lacs which shall be submitted before the Tribunal by 19-3-2008. The remaining amount of ₹ 5 lacs towards the duty shall be paid in cash within a period of one month from today. The impugned order dated 5-12-2007 of the Tribunal is set aside and the Bank Guarantee for total amount of ₹ 5 lacs plus deposit of ₹ 5 lacs in cash in the aggregate ₹ 10 lacs in all shall be treated as the pre-deposit under Section 35F of the Act.
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