https://www.taxtmi.com/caselaws?id=166582 The Tribunal granted a stay on the redemption fine and penalty order issued by the Gold Control Administrator. It held that while the Act does not require the deposit of the redemption fine for an appeal, failure to pay within three months would lead to confiscation. To prevent the appeal from being rendered ineffective, the Tribunal used its inherent power to stay the redemption fine portion of the order. For the penalty, the Tribunal recognized the appellants' financial hardship and directed them to provide a bank guarantee for Rs. 1 lakh and execute a bond for the remaining Rs. 1 lakh. en-us Fri, 03 Jun 1983 00:00:00 +0530 Fri, 10 Oct 2014 16:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166582 The Tribunal granted a stay on the redemption fine and penalty order issued by the Gold Control Administrator. It held that while the Act does not require the deposit of the redemption fine for an appeal, failure to pay within three months would lead to confiscation. To prevent the appeal from being rendered ineffective, the Tribunal used its inherent power to stay the redemption fine portion of the order. For the penalty, the Tribunal recognized the appellants' financial hardship and directed them to provide a bank guarantee for Rs. 1 lakh and execute a bond for the remaining Rs. 1 lakh. Case-Laws Central Excise Fri, 03 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166582