2015 (10) TMI 1245

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..... hear the appeals. Consequently the Applicant M/s. Atlanta Commodities is directed to deposit ₹ 10.00 Lakhs within a period of eight weeks from today and report compliance on 03.09.2015. On deposit of the said amount, pre-deposit of balance dues adjudged against M/s. Atlanta Commodities Pvt.Ltd. and the entire penalty against Shri Bharat Bhushan Sachdeva would stand waived and its recovery st .....

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..... n Sachdeva, applicant no.2. 3. Undisputedly, an amount of ₹ 10.00 Lakhs had been deposited during the course of adjudication and appropriated in the impugned order. The issue involved in the present case rests on allegations of removal of MS ingots clandestinely without payment of duty during the period March, 2006 to September, 2007. Needless to emphasize the determination of issue rests .....

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..... deposit of the said amount, pre-deposit of balance dues adjudged against M/s. Atlanta Commodities Pvt.Ltd. and the entire penalty against Shri Bharat Bhushan Sachdeva would stand waived and its recovery stayed during pendency of the appeal. It is made clear that failure to deposit the amount by M/s.Atlanta Commodities would result in dismissal of both the appeals without further notice. (Pronou .....

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