2013 (1) TMI 52

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....Per : Mr. M.V. Ravindran;   All these stay petitions are filed against the waiver of pre-deposit of amounts confirmed by the adjudicating authority as demand of duty, interest thereof and penalties and upheld by the first appellate authority by dismissal of all the appeals for non compliance of the pre-deposit ordered by him.   2. After hearing both sides for some time on the stay peti....

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....the entire amount of duty liability and 50% of the amount of penalty imposed and had also directed all the other appellants to deposit 50% of the amounts of penalties imposed on them. In our view, Revenue s interest is secured when almost 50% of the amount of duty liability involved has been deposited by M/s. Krish Electric Company. 4. Accordingly, we set-aside the impugned orders and remit the m....