1997 (11) TMI 174

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....e Appellant. Shri R.S. Sangia, SDR, for the Respondent. [Order per : G.R. Brahma Deva, Member (J)]. -  This stay application is filed by the applicants for waiver of pre-deposit of Rs. 1,37,51,576.49 and stay of the recovery proceedings. 2. Heard Shri R. Santhanam, ld. Advocate appearing on behalf of the applicants and the department was duly represented by Shri Sangia, ld. S....

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....t context, the Govt. of Punjab has issued a covering letter recognising a unit as factory from the date of application. It was also brought to out to our notice that the licensing was renewed on 4-11-1996. In the similar facts and circumstances on the same issue in the earlier order, referred to above, we directed the applicants to deposit Rs. 25 lakh either through PLA Account or by Modvat credit....