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2014 (1) TMI 424 - CESTAT KOLKATAShortage of stock of finished goods - Waiver of Pre-deposit of Penalty u/s 11AC of the Central Excise Act, 1944 – Personal penalty u/s 26 of the Central Excise Rules, 2002 – Held that:- The entire amount of duty has been paid during the course of investigation by the applicant, M/s Impex Ferro Tech. Ltd. and the same has not been disputed by the A.R. for the Department - the applicant has made an offer to deposit an amount of Rupees two lakhs fifty thousand in addition to Rs.1.00 lakh already paid by them - The offer made by the assessee is accepted - the applicant, is directed to deposit the pre-deposit – upon such submission rest of the duty to be stayed till the disposal – Partial stay granted.
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