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TMI Blog2015 (10) TMI 897X X X X Extracts X X X X X X X X Extracts X X X X ..... ri R. Raghavan, Advocate & Shri T. Chakraborty, Advocate For the Respondent : Shri A. Roy, Supdt.(AR) ORDER Per Dr. D.M. Misra. 1. This is an application seeking waiver of pre-deposit of duty of Rs. 1.32 Crores and equal amount imposed under section 11AC of Central Excise Act, 1944 and under Rule 15(2) of the CENVAT Credit Rules. 2. Shri R. Raghavan, ld. Advocate for the applicant submits tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tment. However, at this stage he makes an offer to deposit Rs. 10.00 Lakhs and prays that the matter may be remanded to the adjudicating authority for re-consideration of the issues afresh. 3. After hearing both sides for some time we find that the appeal itself could be disposed of at this stage. Accordingly, with the consent of both sides the appeal is taken up for disposal. 4. We find that th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsideration the evidences on record and the evidences that would be produced by the appellant during the course of adjudication proceeding. At this stage the offer to deposit Rs. 10.00 Lakhs seems to be reasonable. Consequently, the appellant is directed to deposit Rs. 10.00 Lakhs within a period of 8(eight) weeks from the communication of this order and report compliance directly to the Commissio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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