1998 (10) TMI 174

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..... er (J)]. Vide Stay Order No. 75/98-C, dated 2-7-1998, the applicants herein was directed to deposit Rs. 3 lakhs towards the duty demand of Rs. 14.56 lakhs and the requirement of predeposit of balance duty and the penalty was dispensed with and recovery stayed. Learned Counsel, Shri Ashuthosh Upadhyay, submits that the financial position of the company has deteriorated further since the passi .....

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..... t conclusive of financial position of the company. We, therefore, reject the application; however, in the interests of justice, we extend the time for predeposit by further 8 weeks from today. Compliance to be reported on 5-1-1999. 4. E/Misc//500/98-C will come up for hearing along with the main appeal and this miscellaneous order only disposes of E/Misc/501/98-C. - - TaxTMI - TMITax - Cent .....

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