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2009 (9) TMI 913 - HC - Central ExcisePre-deposit - Held that: - It is not in dispute that the petitioner is a Government of India undertaking. Solvency is beyond doubt. The question sought to be raised in appeal, no doubt, needs serious consideration by the Tribunal, however, one cannot say that no prima facie; case was made out by the petitioner for complete waiver of the pre-deposit. As a matter of fact, as per the instructions of the Board, petitioner is exempted from furnishing any security - the direction of pre-deposit of ₹ 1,11,67,333/- stands substituted with that of general bond for the full amount of duty - petition allowed - decided in favor of petitioner.
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