1996 (5) TMI 148

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..... Respondent. [Order per : Justice U.L. Bhat, President. By order dated 7-12-1995 we directed M/s. GTC and other two appellants to deposit Rs. 7 crores and furnish bank guarantee for Rs. 3 crores on or before 28-2-1996 under Section 35F of the Central Excises and Salt Act, 1944. It appears this order was challenged before the Andhra Pradesh High Court which declined to interfere except to .....

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..... However, it has to be seen that the time for making the deposit and furnishing bank guarantee had already expired on 30-4-1996. Even as a measure of proof of bona fides and good faith, the appellant did not care to make deposit of any part of Rs. 5 crores. We are unable to see any bona fides in the request made. However, in view of the substantial amounts involved, we are inclined to extend some i .....

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