9911796707
TMI Blog2014 (1) TMI 219X X X X Extracts X X X X X X X X Extracts X X X X ..... Per : Mr. M.V. Ravindaran; This stay petition is filed for the waiver of pre-deposit of Rs. 17.20.96,803/- confirmed as duty, interest thereof and equal amount of penalty and Rs. 5,00,000/- imposed as fine. 2. The above said amounts have been confirmed by the adjudicating authority as differential duty payable by the appellant on the under valuation of Aviation Turbine Fuel (ATF for short) clea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... undertaking and in an organized sector, should have known the law better than an ordinary citizen. It is his submission that appellant should be directed to deposit entire amount of duty liability. 6. After careful consideration of the submissions made by both sides and perusal of record, we find that the provisions of Rule 7 of Central Excise Valuation Rules very clearly indicate that the excise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uthorities, we direct further deposit of an amount of Rs. 2,50,00.000/- (Rupees two crores and fifty lakhs only) within a period of eight weeks from today and report compliance before Deputy Registrar on 20.6.2013. Deputy Registrar, after ascertaining such compliance, will place the file before the bench on 27.6.2013 for passing an appropriate order. Subject to such compliance being reported, the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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