2015 (9) TMI 1317

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..... ed:- 28-7-2014
Excise Stay Applications nos. E/Stay/57408, 57647-57649, 57651, 57668, 57818, 58673-58674, 59497, 60270, 52567/2014 in Appeals Nos. E/56864, 57077, 57078, 57079, 57081, 57093, 57230, 58051-58052, 58860, 59597, 52061 of 2014 - Final Order No. 53088-53099
Central Excise
Smt. Archana Wadhwa, Member (Judicial) And Hon'ble Shri Rakesh Kumar, Member (Technical) For the Appellant .....

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..... f Rs. 43,67,13,242.88 (Forty Three Crores Sixty Seven Lakhs Thirteen Thousand Two Hundred and Forty Two Rupees and Eighty Eight paise only) not paid during the period 14.09.90 to 31.01.95 jointly and severally on M/s.GTC Industries Ltd., Mumbai and M/s.TCL, Varanasi under Rule 9(2) of the Central Excise Rules read with the proviso to Section 11 A(1) of the Central Excises & Salt Act, 1944 from M/s .....

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..... enalties jointly and severally. 4. The Tribunal in an identical matter of M/s. Golden Tobacco and Others vide its final order no.FO/51450-51456/2014-EX (DB) dated 6.3.2014 has held that such confirmation of demand and imposition of penalties jointly and severally are against the settled principles of law, as declared by the various courts and High Courts and cannot be upheld. Accordingly, the mat .....

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