1998 (12) TMI 190

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....r]. - By the captioned stay application, the applicants have requested for waiver of pre-deposit of duty amounting to Rs. 7,74,630/-. 2.  The facts of the case are that the applicants are manufacturing Hot Re-rolled Product. They opted for payment of duty under Rule 96ZP(3). The appellants made provisional deposit of Rs. 2 lac for the month of September, 1997 and October, 1997. On 12-3-199....

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.... not in a position to deposit the entire amount of duty. He submits that the unit shall have to face great financial hardship if they are directed to deposit any amount of duty. He, therefore, prays that pre-deposit of duty may be waived specially in view of the fact that they had already deposited Rs. 2 lac provisionally. 4.Opposing the request, Shri D.K. Nayyar, ld. JDR submits that the Commiss....

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....posit a sum of Rs. 2.5 lac on or before 12-2-1999. I also observe that the applicants had already deposited Rs. 2 lac, if that be so they will deposit only the balance of Rs. 50,000/- on or before 12-2-1999. Compliance of this order should be reported by 19-2-1999. In case the applicants have already deposited Rs. 2 lac provisionally for the month of September, 1997 and September, 1998 then they w....