TMI Blog2013 (12) TMI 1295X X X X Extracts X X X X X X X X Extracts X X X X ..... are filed for the waiver of pre-deposit of the following amounts: Appellant Duty Demand Penalty Interest M/s. Icon Ceramics Ltd. Rs.2,10,36,873/- Rs.2,10,36,873/- At appropriate rate Shri Bhavesh Kumar C. Patel -- Rs.55,00,000/- -- 2. The above said amounts have been confirmed by the adjudicating authority on the ground that the appellant hereinabove had undervalued the tiles manufact ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore than 8% of the duty liability (as has been held by the Hon'ble High Court of Gujarat), we consider the said amount as enough deposit to hear and dispose the appeals. Accordingly, applications for the waiver of pre-deposit of the balance amounts involved are allowed and recovery thereof stayed till the disposal of appeals.
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