2019 (1) TMI 74

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..... ence, taking care of that amount, actual demand from the petitioner would be ₹ 7,06,96,232/-. Let the petitioner deposit 7.5% on ₹ 7,06,96,232/- within a period of six weeks. On doing the needful, the appeal filed by the petitioner be heard by the Tribunal on merits - petition disposed off. - CWP No.9541 of 2017 (O&M) - - - Dated:- 16-7-2018 - MR RAJESH BINDAL AND MR AMIT RAWAL, .....

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..... uthorities found that in fact, the duty was payable thereon @12%, hence, show cause notice was issued and demand of ₹ 13,86,31,711/- was raised against the petitioner. The amount of ₹ 6,79,35,479/-, which was already paid by way of reversal in the Input Tax Credit Account was not adjusted. The argument is that about 50% of the demand had already been paid, hence, the condition of pr .....

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