1992 (1) TMI 204 - AT - Central Excise

Summary

The applicants were directed to deposit a sum towards duty and penalty, with their plant and machinery ordered confiscation. The unit being declared a sick unit, they were not required to make a cash deposit or furnish a bank guarantee. Instead, they were directed to provide a bond undertaking to meet the dues if their appeal fails. Failure to comply within the specified timeline would result in the rejection of their appeal.