2017 (5) TMI 1818 - SCH - Central Excise

Grant of stay on recovery of the disputed tax - Recovery u/s 11D of amount collected by the assessee in the name of duty of excise - retrospective effect - HELD THAT - There shall be interim stay of the recovery of the disputed tax subject to the condition that the petitioner gives bank guarantee of 50% of the amount demanded, within a period of six weeks from today to the satisfaction of the Respondent.

Summary

The Supreme Court issued an order for interim stay of tax recovery, requiring the petitioner to provide a bank guarantee of 50% of the amount demanded within six weeks. No representation from the respondent was noted.