2013 (12) TMI 217

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..... i, A.R. ORDER Per : Mr. M.V. Ravindaran; This stay petition is filed for the waiver of pre-deposit of Rs. 20 Lakhs imposed as penalty under Rule 26 of Central Excise Rules, 2002 on the appellant. 2. Heard both sides and perused the record. 3. The appellant has been penalised under Rule 26 of Central Excise Rules, 2002 for abetting and aiding M/s. Shital Tubes Pvt. Limited for clandestine rem .....

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..... t has not made out a case of complete waiver of pre-deposit of penalty imposed. Keeping in mind the arguments put-forth by the learned counsel that the appellant is an individual and the unit M/s. Shriram Tubes Pvt. Limited is closed, we direct the appellant to pre-deposit an amount of Rs. 1,00,000/- (Rupees one lakh only) within a period of eight weeks from today and report compliance on 18.02.20 .....

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