TMI Blog2015 (12) TMI 868X X X X Extracts X X X X X X X X Extracts X X X X ..... Company reveals that there is a loss of ₹ 4,20,789/- during the assessment year 2011- 12. CESTAT, Kolkata has also pointed out this fact at per paragraph 15 of the order dated 3rd of July, 2012 which is under challenge. Nonetheless, the Tribunal has pointed out that current asset of this company is approximately ₹ 3.00 Crores as on 31st March, 2011, and, therefore, 10% penalty has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rs in M/s. Amba Re-Rolling Mill Pvt. Ltd., Jamshedpur, upon whom penalty has been imposed by Commissioner of Central Excise and Service Tax, Jamshedpur while passing an order dated 3rd July, 2012 in Excise Appeal No.583 of 2010 arising out of Order-in-Original No.27/Commissioner/10 dated 30.03.2010 passed by the Commissioner of Central Excise Service Tax, Jamshedpur, along with the stay applicat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... been ordered to be deposited by this appellant. 3) As the penalty imposed personally upon this appellant of 10% is absolutely reasonable amount to be deposited by this appellant, counsel for the appellant is ready to deposit ₹ 10.00 lakhs within four weeks on the condition that the appeal preferred by this appellant before the CESTAT, Kolkata bearing Excise Appeal No.583/2010 is revived a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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