2013 (10) TMI 456

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..... /40962/2013 - - - Dated:- 18-7-2013 - Shri. P.K. Das and Shri. Mathew John, JJ. For the Appellant: Shri B. Satish Sundar, Adv., For the Respondent: Shri K.S.V.V. Prasad, JC (AR) ORDER Per: P.K. Das; The applicant filed this application for waiver of pre-deposit of penalty of Rs. 70 lakhs. The applicant also filed an application for early hearing of the stay petition. The appl .....

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..... for release of the goods may be allowed. He further submits that they have furnished a Bank Guarantee of Rs. 40 Lakhs and a bond for Rs. One Crore, which are still alive and therefore, predeposit of penalty may be waived. 5. Considering the submissions of both sides, we find that the applicant deposited entire amount of duty and the Bank guarantee and the bond are still alive. Therefore, the pr .....

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