9911796707
TMI Blog2005 (9) TMI 98X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 35F of Central Excise Act, 1944 (hereinafter referred to as "Act") the Act, by which Tribunal has directed to deposit a sum of Rs. 1 crore within eight weeks as pre-deposit. 2. Heard Shri Pankaj Bhatia and Shri Amit Awasthi, learned Counsels for the petitioners and Sri Shambhu Chopra, learned Standing Counsel appearing on behalf of the respondent. 3. With the consent of both the parties ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aiver of pre-deposit and stay of the demand till the disposal of the appeal. It was pleaded before the Tribunal that the demand is wholly unjustified. It was further pleaded that the statement of the employees were recorded under coercion and there is no evidence that they have cleared any goods without payment of duty. It was also pleaded that under the Notification 29/96, dated 3-9-1996 petition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the case in my view order of Tribunal requires modification and it would be more appropriate and reasonable to substitute the amount by Rs. 20 lakhs. Petitioners are directed to deposit a sum of Rs. 20 lakhs within a period of six weeks from today. On the deposit of Rs. 20 lakhs, Tribunal may consider the appeal and may dispose of the appeal expeditiously as early as possible. 6. With the afores ..... X X X X Extracts X X X X X X X X Extracts X X X X
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