2001 (10) TMI 986

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..... for the Respondent. [Order per : Justice K.K. Usha, President]. This is an application for stay of operation of the impugned order as also for waiver of the condition of pre-deposit of duty to the extent of Rs. 10,44,21,747/- and penalty of an equal amount. We have heard the learned Consultlant and the learned Departmental Representative. 2. Even though several contentions were raised .....

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..... ecated to financial institutions which deprived the applicant of raising amount to meet the demand, we direct the applicant to make deposit of an amount of Rupees one crore within a period of six weeks from today towards the duty demanded. There shall be a stay of the balance amount of duty as also penalty. 3. To come up on 20-12-2001 for reporting compliance. 4. If the interim order is compli .....

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