1992 (10) TMI 157

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.... Shri A.K. Singhal, JDR, for the Respondent. [Order per : S.V. Maruthi, Member (J)]. -  This is an application for modification of the Stay Order No. 188/92-A, dated 27-4-1992 under which the appellants were directed to deposit Rs. 2,25,000/- within 3 months from 27-4-1992 pending disposal of the appeal. The time granted under the Stay Order would expire on the 27th July, 1992. 2. Th....

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....examine whether the advance and the Bank Guarantee executed by the appellants has any nexus with the sale price determined under the Purchase Order." It is submitted that in view of the above observations, the present Stay Order should be modified and the pre-deposit should be dispensed with. It is also prayed that since the issue involved is the same appeal be also remanded to the Assistant Co....

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....he facts of this case. The appellants manufacture transformers in pursuance of contracts and purchase orders for specified transformers as per specific requirement and specification of purchasers. Under the agreements and Purchase Orders, the appellants were paid advance amounts from 10% to 20% of the contract price. The price list filed by the appellants were approved. However, show cause notice ....