https://www.taxtmi.com/caselaws?id=243122 The court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision requiring a pre-deposit of Rs.60 lacs, dismissing the appellant's challenge. Despite the appellant's financial hardship, the court found no grounds to reduce the amount or accept alternative guarantees due to serious fraud allegations related to availing cenvat credit. The court emphasized the lack of genuine transactions, discrepancies in material procurement, and fake transporter details, supporting the decision to uphold the pre-deposit requirement and dismiss the appeals without costs. en-us Sat, 21 Dec 2013 00:00:00 +0530 Thu, 20 Nov 2014 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243122 The court upheld the Customs, Excise and Service Tax Appellate Tribunal's decision requiring a pre-deposit of Rs.60 lacs, dismissing the appellant's challenge. Despite the appellant's financial hardship, the court found no grounds to reduce the amount or accept alternative guarantees due to serious fraud allegations related to availing cenvat credit. The court emphasized the lack of genuine transactions, discrepancies in material procurement, and fake transporter details, supporting the decision to uphold the pre-deposit requirement and dismiss the appeals without costs. Case-Laws Central Excise Sat, 21 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243122