2011 (7) TMI 682

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..... he Appellant (s)   Shri B.B.Agarwal, Authorised Representative(Jt.CDR) for the Respondent (s)   Per Shri M.V.Ravindran.   1. These Stay Petitions are filed by the Appellants for waiver of pre-deposit of amount of approximately Rs.1,23,00,000/-(Rupees One Crore Twenty Three Lakhs only) confirmed as reversal of ineligible MODVAT Credit and penalty to the extent of Rs.68,00,000/-(Ru .....

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..... s) has not disposed the Appeals on merits. In view of this we are of the opinion that the Appellant be hereby directed to deposit an amount of Rs.50,00,000/-(Rupees Fifty Lakhs only) within a period of 8(eight) weeks from today and report compliance on 26.09.2011 before learned Commissioner(Appeals). On such compliance being reported, Learned Commissioner(Appeals) will restore the appeals to their .....

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