9911796707
TMI Blog2014 (1) TMI 215X X X X Extracts X X X X X X X X Extracts X X X X ..... ri S. Chakraborty, A.C.(A.R.) ORDER Per Dr. D.M. Misra 1. These applications are filed seeking waiver of pre-deposit of duty of Rs.1,41,37,531/- and equal amount of penalty imposed under section 11AC read with Rule 25 of Central Excise Rules, 2002 and personal penalty of Rs.10,00,000/- on the Director Shri Subodh Agarwalla under Rule 26 of the Central Excise Rules, 2002. 2. At the outset Ld. S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on the alleged shortages as on the date of visit of the officers is around 25 Lakhs. He has made a fair offer to deposit Rs.25,00,000/-. 3. The Ld. A.R. for the Revenue reiterated the findings of the adjudicating authority. 4. Heard both sides and perused the record. We find that this is a case of appreciation of evidence relating to the stock of goods as on 06.12.2007. Even though a joint phys ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Lakhs only) is accepted. Accordingly applicant No.1 is directed to deposit the said amount within a period of 8(eight) weeks from today. On deposit of the said amount, the balance amount of dues adjudged against both the applicants, would stand waived and recovery thereof be stayed during pendency of the appeal. Failure to deposit the aforesaid amount by applicant No. 1, would result in dismissal ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
