2008 (5) TMI 151

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . [Order per: P.G. Chacko, Member (J)]. - The appellants, a Public Sector Undertaking, has obtained clearance from the Committee on Disputes (CoD, for short) to pursue the captioned appeal insofar as their challenge against penalty is concerned. The lower authorities imposed penalty of Rs. 38,02,317/- on them under Section 78 of the Finance Act, 1994 on the ground of suppression of facts. This pe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e ground raised by the lower authorities for imposing the penalty is no different from the ground raised by them for invoking the larger period of limitation to demand duty. The present application contains no plea of financial hardships. In the circumstances, after considering the submissions of both sides, we direct the appellants to pre-deposit an amount of Rs. 10 lakhs (Rupees Ten Lakhs only) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X