2014 (3) TMI 1051 - HC - Central Excise

Whether the figure mentioned in the impugned order is correct or not - while quantifying the amount of waiver of pre-deposit, the learned Tribunal has taken a mistaken and incorrect figure - Held that - to make the amount of deposit in a round figure, it would be ₹ 3 crores instead of ₹ 3.4 crores. Therefore, learned Tribunal has rightly exercised its discretion in asking to make the deposit. - Appeal disposed of

Summary

The High Court of Andhra Pradesh modified the order of the learned Tribunal regarding the amount of waiver of pre-deposit to be Rs. 3 crores instead of Rs. 3.4 crores in the case of Sri Kalyan Jyoti Sengupta. The appeal was disposed of with no costs.