2014 (5) TMI 408

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..... : M.V. Ravindran 1. These Stay Petitions are filed for waiver of pre-deposit of duties of Rs.18,03,03,302/-and of Rs. 94,99,291/-, interest thereof and equal amounts of penalties imposed on the appellant firm and also the penalty of Rs. 10 lakhs each on appellant firm and Shri Ashok Bansal, the director of the company. 2. The above said amounts have been confirmed by the adjudicating authority o .....

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..... dicate the receipt of inputs under the LRs raised by the transporter. He would submit that the issue involved in this case needs to be gone in detail and the amount of Rs.32 lakhs deposited by the appellant during investigation may be considered as enough deposit to hear and dispose the appeals. 4. Ld. Commissioner (A.R.), on the other hand, would submit that the demand has been worked out based .....

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..... defence taken by the appellant seems to be diagonally opposite to the findings recorded by the adjudicating authority. This can be done only at the time of final disposal of appeals. 6. At this juncture, the appellants have not made out a case for complete waiver of the amounts of duty confirmed by the adjudicating authority. Keeping in mind that the appellant has already deposited an amount of R .....

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