2005 (3) TMI 673

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..... dent. [Order per : S.L. Peeran, Member (J) (Oral)]. The appellant is a PSU Unit engaged in the sale of Motor Spirit (MS), Superior Kerosene Oil (SKO) and High Speed Diesel (HSD) Oil. The appellants were selling the SKO in terms of the administrative price fixed by the Government of India. The loss incurred by the appellant PSU unit was made over by the Special Pool of Ministry of Petrole .....

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..... ,74,116/- and penalty of Rs. 3,35,25,930/-. Hence, the stay application is allowed unconditionally. There shall be no recovery of the amounts till the disposal of the appeal. The Commissioner to file a report in the matter with regard to the applicability and acceptance of the Board s Circular. Matter to come up for final hearing on 25th April, 2005. (Pronounced and dictated in open Court) - .....

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