2014 (10) TMI 239

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..... : The applicant filed this application for waiver of predeposit of duty of Rs. 22,48,730/- along with interest and penalty. 2. Heard both sides and perused the records. 3. After hearing both the sides and on perusal of the records, we find that the applicant was engaged in the manufacture of Cotton yarn in the forms of hanks, cones and cheese falling under Chapter 52 of the Central Excise Tari .....

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..... eady been paid by them. 4. Ld. Advocate submits that the adjudicating authority observed that the data furnished in the Bank statement cannot be relied upon, since the figures furnished in the statement relates to loans and advances. He submits that the adjudicating authority had given a detailed finding which was not considered by the Commissioner (Appeals) 5. On the other hand, the Ld. AR reit .....

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