2013 (7) TMI 713

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..... he Assessee. - E/85507/13 - - - Dated:- 24-6-2013 - S.S.Kang And P.K.Jain, JJ. For the Appellant : Mr. R.C.Saxena, Advocate For the Respondent : Mr. V.R.Kulkarni, Deputy Commissioner (AR) PER : S.S.Kang Heard both sides. 2. The applicant filed this application for waiver of pre-deposit of penalty of Rs.25 lakhs imposed under Rule 26(2)(i) of the Central Excise Rules, 2002. 3 .....

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..... e for total waiver of pre-deposit of the penalty. However, taking into account the facts and circumstances of the case, the applicants are directed to deposit Rs.12,50,000/- (Rupees Twelve lakhs fifty thousand only) within a period of eight weeks and report compliance on 11.09.2013. On deposit of the aforesaid amount, the pre-deposit of the remaining penalty is waived and recovery thereof stayed d .....

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