2015 (9) TMI 563

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..... fter, appeal was filed, notification requiring pre-deposit fixed to tune of 7.5% of determined duty and penalty liability came into force – In light of this fact and further circumstance that director made admissions with respect to forgery, Court of opinion that interest of justice would be served if pre-deposit amount is reduced to half instead of 20% – Pre-deposit condition shall be deemed to b .....

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..... ubmits that after the appeal was filed, the notification w.e.f. 06.08.2014, clarifying that if amount to the tune of 7.5% of the demand is deposited, the pre-deposit condition would be deemed to be satisfied, came into force. 3. Learned counsel for the Revenue urged that having regard to the admitted facts of this case and the statements of the appellant s director, no relief is warranted. 4 .....

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