2013 (11) TMI 942

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..... se Stay Petitions are filed for waiver of pre-deposit of amount of duty confirmed on the main appellant M/s Sterling Ceramics, interest thereof and penalties, besides the penalties on other three appellants who are individuals. 2. At the outset, ld.Counsel submits that the issue involved in this case is regarding charge of evasion of duty by clandestine removal and also under-valuation of MRP by .....

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..... Rs.75 lakhs. 4. On careful consideration of the submissions made by both sides and perusal of the records, we find it so. Since the main appellant has already deposited an amount of Rs.75 lakhs, which is more than 8% of the duty liability, we consider the said amount as enough deposit to hear and dispose the appeals. 5. Accordingly, the applications for waiver of pre-deposit of amounts involved .....

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