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2013 (4) TMI 276

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..... deposit a sum of Rs.10,00,000/-, pursuant to the impugned order,passed by the second respondent, dated 24.02.2012, within a period of two weeks from today. The Order-in- Original passed by the Additional Commissioner of Central Excise, shall be stayed, till the disposal of Issue on 22.03.2012 the appeal, in A.No. 119/2011-Try (CE) - On the petitioner complying with the said condition, the seco .....

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..... .119/2011-TRY(CE), pending on the file of the second respondent. 3.By the impugned order, dated 24.02.2012, the petitioner has been directed to pre-deposit a sum of Rs.15,32,499/-, towards 50% of the demand of Cenvat Credit, confirmed by the lower authority, and Rs.15,32,499/-, towards 50% of the penalty imposed, under Section 11AC of the Central Excise Act, 1944, by 23.03.2012 and to report c .....

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..... Per contra, the learned counsel appearing on behalf of the respondents had submitted that the petitioner may be directed to deposit a sum of Rs.10,00,000/-, in compliance of the impugned order passed by the second respondent, on 24.02.2012. 6. In view of the above, the petitioner is directed to deposit a sum of Rs.10,00,000/-, pursuant to the impugned order,passed by the second respondent, dat .....

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