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2014 (9) TMI 479 - CALCUTTA HIGH COURTWaiver of pre deposit - Evasion of Duty - Attachment of property - Revenue was of the view that the assesse manufactured and supplied the components/parts of Railway wagon without payment of duty to different units of Indian Railways showing the said goods as trading items in their books of accounts and thereby indulged in evading the Central Excise duty involved thereon - Held that:- By virtue of the Notification No. 68 of 63, dated 4th May, 1963 issued under Section 12, Section 142 is applicable in case of dues of the Central Excise and its recovery thereof. This Court, therefore, feels that instead of depositing the entire sum of ₹ 70 lakhs the interest of the Revenue can be protected, if the petitioner is directed to deposit a sum of ₹ 20 lakhs and shall keep the said immovable property i.e. the land at Rajarhat attached to the Central Excise departments. Accordingly, the petitioner is directed to deposit a sum of ₹ 20 lakhs within [two months] from date with the Central Excise authority. However, attachment remain sustained - Decided partly in favour of assessee.
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