https://www.taxtmi.com/caselaws?id=84870 The Tribunal rejected the stay application in a case involving non-compliance with exemption conditions, emphasizing the need to safeguard revenue interest. The appellants faced demands of Rs. 11,02,18,177 but could not commence production despite installing imported goods due to financial difficulties. The Tribunal refused to grant further time, requiring the demanded amount to be deposited within three months to avoid appeal dismissal. The case involved complex issues such as goods hypothecation and the precedence of tax recovery over other dues, with uncertainties regarding BIFR and liquidation proceedings adding to the complexity. en-us Tue, 07 Nov 1995 00:00:00 +0530 Mon, 01 Aug 2011 12:18:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84870 The Tribunal rejected the stay application in a case involving non-compliance with exemption conditions, emphasizing the need to safeguard revenue interest. The appellants faced demands of Rs. 11,02,18,177 but could not commence production despite installing imported goods due to financial difficulties. The Tribunal refused to grant further time, requiring the demanded amount to be deposited within three months to avoid appeal dismissal. The case involved complex issues such as goods hypothecation and the precedence of tax recovery over other dues, with uncertainties regarding BIFR and liquidation proceedings adding to the complexity. Case-Laws Customs Tue, 07 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84870