https://www.taxtmi.com/caselaws?id=202514 The court upheld the penalty imposed by CESTAT, dismissing stay applications and granting permission for installment payments of the remaining penalty amount. The appellants were required to pay the balance penalty in 10 equal installments due to financial constraints, with a specified schedule for payments. The court considered the delay in filing applications and directed the filing of affidavits for security of property. The respondent's opposition to the extension of time for payment was overruled, and the court ensured that revenue interests were protected throughout the installment payment process. en-us Tue, 22 Mar 2011 00:00:00 +0530 Sat, 20 Aug 2011 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202514 The court upheld the penalty imposed by CESTAT, dismissing stay applications and granting permission for installment payments of the remaining penalty amount. The appellants were required to pay the balance penalty in 10 equal installments due to financial constraints, with a specified schedule for payments. The court considered the delay in filing applications and directed the filing of affidavits for security of property. The respondent's opposition to the extension of time for payment was overruled, and the court ensured that revenue interests were protected throughout the installment payment process. Case-Laws Central Excise Tue, 22 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202514