2008 (1) TMI 42 - AT - Central Excise

Due to financial difficulty, assessee could not comply with the direction of depositing Rs.15 lakhs but offered to deposit an amount of Rs.8 lakhs - Stay petition as also appeal allowed accordingly.

Summary

The Appellate Tribunal CESTAT Ahmedabad directed the appellant to deposit Rs.8 lakhs within eight weeks after the Commissioner (Appeals) dismissed the appeal for non-compliance with the stay order to deposit Rs.15 lakhs. The appellant made an offer to deposit Rs.8 lakhs due to financial difficulty, which was accepted by the learned SDR. The matter will be decided on merit after compliance is reported to the Commissioner (Appeals). The stay petition and appeal were disposed of accordingly.