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        Central Excise

        2000 (3) TMI 366 - AT - Central Excise

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        Appellate Tribunal directs deposit of Rs. 1 lakh for duty and penalty, allows bank guarantee. The Appellate Tribunal CEGAT, Mumbai directed the appellant to deposit Rs. 1 lakh towards confirmed duty of Rs. 2,51,044/- and penalty of Rs. 2,50,000. ...
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Appellate Tribunal directs deposit of Rs. 1 lakh for duty and penalty, allows bank guarantee.

                                The Appellate Tribunal CEGAT, Mumbai directed the appellant to deposit Rs. 1 lakh towards confirmed duty of Rs. 2,51,044/- and penalty of Rs. 2,50,000. The appellant, claiming financial weakness, was allowed to furnish a bank guarantee for Rs. 1 lakh within four weeks to stay recovery of the remaining amount during the appeal. Compliance to be reported on 24-3-2000.


                                The Appellate Tribunal CEGAT, Mumbai directed the appellant to deposit Rs. 1 lakh towards confirmed duty of Rs. 2,51,044/- and penalty of Rs. 2,50,000. The appellant, claiming financial weakness, was allowed to furnish a bank guarantee for Rs. 1 lakh within four weeks to stay recovery of the remaining amount during the appeal. Compliance to be reported on 24-3-2000.
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