https://www.taxtmi.com/caselaws?id=212211 The Court upheld the Customs and Service Tax Appellate Tribunal's decision, directing the appellants to deposit Rs.12,00,00,000 within eight weeks. The Tribunal found serious allegations of fraudulent practices, misuse of Cenvat credit, and lack of evidence supporting the appellants' claim for waiver. Due to substantial evidence and lack of financial hardship proof, the Court dismissed the appeal, emphasizing the need to protect revenue interests and denying total waiver. The appellants were required to comply with the Tribunal's deposit directive within the specified timeframe. en-us Wed, 20 Apr 2011 00:00:00 +0530 Mon, 13 Feb 2017 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212211 The Court upheld the Customs and Service Tax Appellate Tribunal's decision, directing the appellants to deposit Rs.12,00,00,000 within eight weeks. The Tribunal found serious allegations of fraudulent practices, misuse of Cenvat credit, and lack of evidence supporting the appellants' claim for waiver. Due to substantial evidence and lack of financial hardship proof, the Court dismissed the appeal, emphasizing the need to protect revenue interests and denying total waiver. The appellants were required to comply with the Tribunal's deposit directive within the specified timeframe. Case-Laws Central Excise Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212211