1996 (5) TMI 148 - AT - Central Excise

Summary

The Appellate Tribunal directed M/s. GTC and others to deposit Rs. 7 crores and furnish a bank guarantee for Rs. 3 crores by a certain date. The High Court modified the amounts to Rs. 5 crores deposit and Rs. 2 crores bank guarantee. The Tribunal extended the deadline for the bank guarantee to 31-5-1996, with Rs. 2.5 crores to be deposited by that date and the balance by 30-6-1996.