2014 (11) TMI 572 - SCH - Central Excise

Waiver of pre deposit - Supreme Court dismissed appeal filed by the assessee against the order of High court 2013 (9) TMI 845 - PUNJAB AND HARYANA HIGH COURT stating that if within three days from today, a sum of ₹ 42 lacs is deposited by the petitioner with the Customs, Excise and Service Tax Appellate Tribunal, New Delhi (CESTAT), the recovery of the remaining amount shall remain stayed and the appeal shall be heard on merits.

Summary

The Supreme Court of India dismissed the Special Leave Petition but allowed the petitioner to deposit Rs. 42 lacs with CESTAT within three days to stay recovery of the remaining amount and proceed with the appeal on merits. (2014 (11) TMI 572 - SC)