2011 (5) TMI 124 - HC - Central Excise

Waiver of pre-deposit - the exempted tax has to be treated at par with the tax paid - the issue involved in the appeal is a debatable one and the petitioners have a prima facie case - The petition is disposed of by way of remand subject to partial deposit.

Summary

The High Court of Punjab and Haryana directed that the appeal be heard on merits upon deposit of Rs.15 lacs and furnishing a bank guarantee of Rs.20 lacs within four weeks. The petition challenging the order of the Customs, Excise and Service Tax Appellate Tribunal was disposed of.