1999 (3) TMI 246 - AT - Central Excise

Summary

The total demand in the case is Rs. 11,27,04,941.29 with a penalty of Rs. 20.00 lacs. The demand includes freight, turn-over tax, and sales tax equalized by the applicants. The applicants presented a Chartered Accountant's certificate for actual payments. The Tribunal found a prima facie case for waiver based on the Circular of the Board and accepted the certificates as evidence of actual payment. The Tribunal directed that the bank guarantee should be kept alive during the appeal, waiving the pre-deposit of duty and penalty.