2001 (1) TMI 448

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....ants, for the Appellant. Dr. D.K. Verma, SDR, for the Respondent. [Order per : Justice K. Sreedharan, President]. - Appellant has filed this miscellaneous application for modifying the order of stay passed by this Tribunal on 1-11-2000. As per that order appellant was to deposit a sum of Rs. 15 lakhs as pre-conditions for entertaining the appeal. Amount was to be deposited within 8 weeks ....

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....vit filed by the party along with stay application shows that plant and machinery were seized and sealed since 20-9-1998 along with manufactured goods and raw materials. Impugned order directed confiscation of imported capital goods valued at Rs. 3.15 crores with option to redeem the same on payment of Rs. 2 crores. Adjudicating authority has also ordered confiscation of all items found in the fac....