2007 (1) TMI 401

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..... r the Respondent. [Order per : S.S. Kang, Vice-President]. Heard both sides. 2. The applicants filed this application for waiver of pre-deposit of duty Rs. 3,00,311/- and penalty of Rs. 50,000/-. The applicants claimed 2% service discount from the assessable value of the goods manufactured by them. This discount is in lieu of guarantee for repairing pump subject to the condition that t .....

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..... acie, we find that it is not a fit case for total waiver of pre-deposit of duty. The applicants are directed to deposit an amount of Rs. 75,000/- within a period of 8 weeks from today and report compliance. On deposit of the said amount remaining amount of duty and penalty is waived till the disposal of the appeal. Adjourned to 22nd March, 2007. (Dictated and pronounced in the open Court.) - .....

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