1999 (12) TMI 448

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....vocate, for the Appellant. Shri Deepak Kumar, SDR, for the Respondents. [Order per : J.H. Joglekar, Member (T)]. - These three applications relate to three appeals arising out of the same order. These applications are therefore, disposed of by this common order. 2. We have heard Shri S.J. Vyas for the applicants and Shri Deepak Kumar for the revenue. 3. Demand of Rs. 22,16....

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....t the unit was a Proprietary concern, that it was closed down and that as per the final accounts, for the current period, there is no income and no assets also. We find that the accounts are not audited. They also have some cash and bank balance. We, therefore, direct M/s Maheshwari Dye-Chem to deposit a sum of Rs. 1 lakh. On such deposit being made the pre-deposit of the remaining duty as also th....

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....cation would still assist the assessees. Shri Vyas submits that if the benefit is given no duty would be leviable. At this stage on finding that a prima facie case having been made, we grant stay and waiver of the pre-deposit of the duty aforesaid as well as the equivalent penalty. 5. The Third applicant is Rajesh Kadormal Baheti, the son of the Proprietors of the earlier named two units a....