2013 (7) TMI 501 - SCH - Central Excise

Pre-deposit Held that - Extension of time limit for making of pre-deposit within the period of three weeks on the basis of oral statement of the learned counsel for the applicant-petitioner If the said statement of the learned counsel is found to be incorrect, the appeal before the CESTAT shall stand dismissed without further consideration - Decided in the favor of Assessee.

Summary

The Supreme Court's order dated March 4, 2013 states that if the petitioner complies with the CESTAT order modified by the High Court within three weeks, the appeal will be heard on merits. Deposit of Rs. 1 Crore directed by the High Court within the specified time is necessary for compliance. If the amount is deposited and a cheque is returned but redeposited within the time frame, compliance will be considered. Failure to comply will result in dismissal of the appeal. Interlocutory Application No. 1 of 2013 is disposed of accordingly.