2004 (11) TMI 173

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..... fication of stay order No. S/595 to 600/WZB/2004/C-I dated 19-3-2004 is filed by the applicant on the ground that after the stay order is passed by the Tribunal directing the applicant to pre-deposit Rs. 60 lakhs towards duty, the department attached their property on 28-4-2004 worth approximately Rs. 54 lakhs; that due to this attachment order, the factory has come to a grinding halt; that unless .....

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..... r is served inasmuch as the Government revenue to the extent of approximately Rs. 54 lakhs is secured by way of attachment. The department is free to dispose off the property so attached, in order to secure Government revenue to that extent. In view of this, we modify the stay order and dispense with the pre-deposit of the amount ordered to be deposited in terms of Section 35F of the Central Excis .....

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