1999 (10) TMI 62 - SC - Central Excise

Summary

The Supreme Court held that the High Court was not justified in requiring the assessee to deposit Rs. 20,00,000 while their appeal was pending. The Court directed that the assessee should not be required to deposit any amount until the appeal is decided by the appellate authority. The High Court's order and the appellate authority's decision to not waive the deposit requirement were set aside. The appeal should be heard promptly.