2007 (3) TMI 598

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..... for the Appellant. Shri K.S. Venkatagiri, for the Respondent. [Order per : P.G. Chacko, Member (J)]. - We had granted waiver of predeposit and stay of recovery in respect of the duty and penalty amounts involved in this case vide Stay Order No. 765/2006, dated 28-6-2006 after noting that an amount of Rs. 2 crores deposited by the party as directed by the Tribunal in another case perta .....

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..... being looked at by the department. We had noted the very fact, which in the present application the department points out, at the time of passing the above stay order and in exercise of our discretion, we directed the department to retain the amount with them (notwithstanding any claim for refund) till final disposal of the present appeal. If the department is not agreeable for this, let them refu .....

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