2001 (7) TMI 1043

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..... nt. [Order per : Jyoti Balasundaram, Member (J)]. This is an appli- cation for waiver of pre-deposit and stay of recovery of an amount of Rs. 33,12,691.60 confirmed as duty along with interest @ 24% p.a. and penalty of an equal amount. The case relates to availment of input stage credit as well the benefit of Notification 203/92 (duty free clearances) in respect of one value based advanc .....

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..... has been rightly denied and demand rightly confirmed with the penalty. 4. After hearing both sides and seeing prima facie force in the submission of the ld. DR, that the Amnesty Scheme does not cover the applicants, we direct pre-deposit of Rs. 15.00 lakhs towards duty within eight weeks from today and on such deposit, pre-deposit of balance duty and penalty stands dispensed with and recovery t .....

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