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of <h1>SC India dismisses Special Leave Petition, grants petitioner chance to deposit Rs. 42 lacs to halt recovery</h1> <h3>Security Engineering Products Versus CESTAT</h3> The Supreme Court of India dismissed the Special Leave Petition but granted the petitioner the opportunity to deposit Rs. 42 lacs with CESTAT within three ... Waiver of pre deposit - Supreme Court dismissed appeal filed by the assessee against the order of High court [2013 (9) TMI 845 - PUNJAB AND HARYANA HIGH COURT] stating that if within three days from today, a sum of ₹ 42 lacs is deposited by the petitioner with the Customs, Excise and Service Tax Appellate Tribunal, New Delhi (CESTAT), the recovery of the remaining amount shall remain stayed and the appeal shall be heard on merits. The Supreme Court of India dismissed the Special Leave Petition but allowed the petitioner to deposit Rs. 42 lacs with CESTAT within three days to stay recovery of the remaining amount and proceed with the appeal on merits. (2014 (11) TMI 572 - SC)
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