2013 (9) TMI 287

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..... Mr. M.V. Ravindran and Mr. H.K. Thakur, JJ. For the Appellant: Shri Paritosh Gupta, Adv For the Respondent : Shri P.N. Sarvaiya, A.R. ORDER Per : Mr. M.V. Ravindran; This stay petition is filed for the waiver of pre-deposit of the following amounts: Appellant Duty demand Penalty Interest M/s. Galaxy Global Pvt. Ltd. Rs.15,44,941/- .....

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..... ve. 4. After hearing the submissions made by the ld. D.R. we find that as against the duty demand of Rs.15 lakhs, Revenue s interest is secured by deposit of Rs.4 lakhs and the bank guarantee of Rs.5 lakhs. We consider the said security as enough to hear and dispose the appeal. Accordingly, applications for the waiver of the pre-deposit of the balance amounts involved are allowed and recovery th .....

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