1998 (4) TMI 323

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....rivastava, JDR, for the Respondent. [Order per : P.C. Jain, Member (T)]. - Ld. Advocate Shri A.C. Jain, prays for waiver of pre-deposit and stay of recovery of Rs. 23,41,823/- demanded as duty for the period 1-12-1991 to 16-6-1993 against the show cause notice dated 2-1-1997 and penalty of like amount under Section 11AC. The demand has been made on the basis of non-accountal of inputs receiv....

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.... paid by them in cash and 25% of the duty demanded shall be secured by Bank guarantee. We accept his offer. If the compliance to the aforesaid direction is made, balance of duty amount and penalty shall stand waived and the Revenue shall also not press for recovery thereof. 4. We make it clear that in case of non-compliance, this appeal shall be liable to be dismissed without any further n....