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2015 (7) TMI 137 - HC - Central ExciseWaiver of pre deposit - quantum of amount to be deposited - Held that:- The circular dated 16.09.2014 was issued on the same day when the impugned order was passed. It becomes operative from the date it was issued and, accordingly, the appellant was only required to pay 10% of the duty or penalty in pursuance to the decision for filing an appeal against the order of the Commissioner (Appeal). We are, prima face, of the opinion that in view of the circular dated 16.09.2014, the appellant was required to deposit only 10% of the amount of duty i.e. ₹ 1,72,17,199/-. Since the appellant has already deposited ₹ 11,00,000/-, the differential amount is required to be deposited by him. - Decided partly in favour of assessee.
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