2005 (1) TMI 119

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..... otice. 2. We have heard the learned Counsel for the parties at some length. 3. Challenge in this petition under Article 226/227 of the Constitution of India is to the order dated 25-10-2004. The application was filed by the petitioner for waiver of pre-deposit of the Central Excise duties amounting to Rs. 2,76,48,219/- and penalty of Rs. 10 lacs. Various grounds were taken by the assessee before .....

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..... Appellate Authority and the same demand has been reiterated and assessed against the petitioner it will be no ground for the Appellate Authority to direct deposit of a further amount as the basic demand and consequences therefore remain to be the same. It is also contested that deposit of the said amount at this stage would seriously prejudice the rights of the Petitioner. In the circumstances of .....

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