2004 (1) TMI 555

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..... JDR, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. - These are two applications for waiver of pre-deposit of Central Excise duty and penalty :- (1) M/s. Chandra Cement Ltd. - Rs. 53,14,370 duty and equivalent amount of penalty (2) Shri Rajendra Goyal - Rs. 5 lakh penalty 2. Shri Bipin Garg, learned Advocate submitted that Shri Rajendra Goyal, Appellant No. 2 is worki .....

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..... confirmed against them. The learned Advocate also pleaded financial hardship on the ground that the Appellant company had suffered losses during the last financial year. 3. Opposing the prayer Shri Virag Gupta, learned Senior Departmental Representative, reiterated the findings as recorded by the Commissioner under the impugned order and emphasised that Shri Rajendra Goyal, Director had cat .....

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