2012 (7) TMI 86

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..... .2011 and Hon'ble Supreme Court's judgment in the case of Jocil Ltd (2010 (12) TMI 24 (SC)) - C/303/2011 - - - Dated:- 11-6-2012 - Mr.M.V. Ravindran, Mr. B.S.V. Murthy, JJ. Shri T. Vishwanathan, Advocate: for Assessee. Shri R. Nagar, A.R.: for the Revenue. Per: M.V. Ravindran: This Stay Petition is filed for waiver of pre-deposit of an amount of Rs.5,73,17,83/- confirmed .....

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..... pter Heading No.3823.11 or 12 as the case may be. It is his submission that if the said product merits classification under particular chapter head as per Board s circular, the liability to pay differential duty is approximately Rs.63,68,648/-. He submits that they are ready to execute a bank guarantee for this amount and go before the adjudicating authority for reconsideration of the case based u .....

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..... 8.23. The adjudicating authority will consider the issue in the light of the Board s circular dt.26.7.2011 and Hon'ble Supreme Court s judgment in the case of Jocil Ltd (supra), after following the principles of natural justice. 4. The impugned order to the extent it is challenged before us is set aside and the matters are remanded back to reconsider the issue afresh, keeping all the issues op .....

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