1997 (11) TMI 181

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..... [Order per : Justice U.L. Bhat, President]. -  Having filed the appeal against the order passed by the Commissioner of Central Excise, Meerut confirming the demand of duty Rs. 31,56,421/- for the period April, 1993 to March, 1995 and imposing penalty of Rs. 20 lacs, the appellant has filed this application seeking waiver of the requirement of pre-deposit under Section 35F of the Central Ex .....

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..... that waiver of requirement of pre-deposit is sought only regarding a part of the confirmed demand. He stated that even assuming that the finding in regard to cash discount is sustainable (which is to be argued in the appeal) the Commissioner erred in ignoring the provisions of 4(4)(d)(ii) of the Act while determining the differential assessable value. The total cash discount on which the appellan .....

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