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TMI Blog2014 (3) TMI 757X X X X Extracts X X X X X X X X Extracts X X X X ..... ions in two appeals arising from the same impugned order are being considered together. The first applicant is a subsidiary of M/s. Givaudan India Pvt. Ltd., (GIPL), a foreign company. The second applicant is Director Finance of the first applicant. The applicant company is importing fragrance and flavor components supplied by their parent company abroad. They declared the relationship between the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ainst the applicant company along with interest and penalties. Further a penalty of Rs.25 lakhs is imposed on the second applicant. The applicant submits that during the investigation stage they had deposited an amount of Rs.1.5 crores and pleaded that this amount may be considered as sufficient for the purpose of admission of the appeal. 2. The learned counsel for the applicants also points out ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value of regular imports which involve large quantities. Therefore, he submits that he has very strong case on merits and for this reason the appeal may be admitted without any further pre-deposit. 3. Opposing the prayer the learned Authorized Representative for the Revenue points out the statement of Shri Mohan C. Suvarna, Director (Finance) of M/s. Vinarom Pvt. Ltd., applicant no.2 herein, who ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it of Rs.20 lakhs would be sufficient for admission of the appeal and it is ordered accordingly. We direct the applicant to deposit Rs.20 lakhs (Rupees Twenty Lakhs only) within a period of eight weeks from today. Subject to such pre-deposit, there shall be stay on collection of balance dues arising from the impugned order till the pendency of the appeal. 6. To report compliance on 30th October, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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