2003 (12) TMI 431

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..... [Order per : S.L. Peeran, Member (J)]. For the purpose of hearing this appeal, appellants are required to pre-deposit Rs. 41.07 lakhs. They had taken a stand that the company of the appellant is defunct and have stopped production. On financial hardship, a report was called from the revenue and today the Revenue has filed the report. It is submitted that the company has stopped production .....

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..... t if the claim of Modvat and duty is computed on actual production on 2585 MTs then the duty liability will come down drastically and the quantum of duty liability will be less. He submits that the company had stopped production and unit is defunct and it may take time to re-open the unit and loans are awaited from Banks. He submits that the matter be taken up for out of turn hearing by granting f .....

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