2011 (5) TMI 746

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... osed receipt and forfeiture of security in its account and the explanation for the same was furnished – Held that:- forfeited security is not additional consideration when nexus thereof with clearance is not evident from record, waiver of pre-deposit of the demand allowed during pendency of the appeal - E/3544/2010 - 699/2011-EX(PB) - Dated:- 20-5-2011 - S/Shri D.N. Panda, Mathew John, JJ. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion for Rs. 58,820/- under Section 11A of Central Excise Act, 1944 was without any substance. Accordingly, pre-deposit may be waived to hear the appeal. 3. Ld. DR submits that the gravures cylinders were manufactured for the use of the appellant for a client. The cylinders are manufactured to execute contracts for which security deposit is taken. Those security deposits are required to be amorti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X