2015 (10) TMI 643 - HC - Central Excise

Waiver of pre deposit - Held that - appellant has already deposited an amount of ₹ 5 lacs towards the principal demand - on deposit of ₹ 20 lacs within two weeks in addition to the amount already deposited, the Tribunal shall not dismiss the appeal for want of pre-deposit. - Decided conditionally in favour of assessee.

Summary

The High Court of Punjab and Haryana ordered the appellant to deposit an additional amount of Rs. 20 lakhs within two weeks, in addition to the Rs. 5 lakhs already deposited, to prevent dismissal of the appeal by the Tribunal for non-payment. The issue was deemed debatable, and the direction for full payment of principal amount with interest was considered unjustified.