1994 (1) TMI 102

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..... old (Control) Appellate Tribunal, New Delhi, whereby the petitioner's application for seeking exemption from pre-deposit of the duty amount of Rs. 37,85,530.60 is modified Rs. 10 lakhs (Rupees ten lakhs only) in cash and furnish bank guarantee for an amount of Rs. 5 lakhs to the satisfaction of the Collector, Customs within three months from the date of the receipt of the order. 2.It is also dir .....

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..... d that the petitioner is running the losses and is not in a position to comply with the order impugned. 4.Having heard the learned counsel, this Court is of the opinion that the Appellate Tribunal has already considered the case of the petitioner and has extended maximum possible concession in favour of the petitioner in the matter of pre-deposit of the duty amount which is more than 37 lakhs. .....

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