2015 (10) TMI 1253

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..... adduced by both sides supported by reasons. The correctness of this order and analysis of evidences would be carried out at the time of disposal of the appeal. At this stage, the offer to deposit 7.5% of the confirmed demand seems to be reasonable. Consequently, the Applicant No.1 is directed to deposit 7.5% of 2.48 Crores within a period of eight weeks - Partial stay granted. - Stay Petition No. .....

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..... Crores and equal amount of penalty imposed on the applicant No.1 M/s.Sai Sulphonates Pvt.Ltd. and personal penalty of ₹ 10.00 Lakh each on Shri Sandeep Fogla, Shri Subrata Banerjee, Director and Shri Debashish Ghosh, commercial executive under Rule 209A of erstwhile Central Excise Rules, 1944 and Rule 26 of Central Excise (No.2) of Rules, 2002. 4. The ld.Adv. submits that the demand has .....

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..... The correctness of this order and analysis of evidences would be carried out at the time of disposal of the appeal. At this stage, the offer to deposit 7.5% of the confirmed demand seems to be reasonable. Consequently, the Applicant No.1 is directed to deposit 7.5% of 2.48 Crores within a period of eight weeks from today and report compliance on 08.09.2015. On deposit of the said amount, the balan .....

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