2001 (10) TMI 545

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....dvocate with A. Sheerazi, Advocate, for the Appellant. Shri Arun Chopra, DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. -  The background to this application is as follows. 2. The applicant filed an appeal against the order of the Commissioner of Central Excise confirming a demand for duty of Rs. 67.16 lakhs approx, and imposition of penalty of Rs. 2.00 lakh....

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.... was passed and further noted that no attempt has been made to comply with the order which permitted deposit in instalments. No instalment has been deposited. Noting further that the show cause notice for dismissal of the appeal under Section 35F has been issued earlier, it dismissed the application and also the appeal for non compliance with the provisions of Section 35F. 4. When the appl....

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....d its contention and dismissed the department's appeal [reported in 2000 (126) E.L.T. 1017]. 6. We are unable to accept the ground of financial hardship. This ground has been argued at least thrice. We do not find it possible to hold that, because four years after the stay order passed the applicant's financial position has improved, the appeal must be restored. Doubtless the Gujarat High ....

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....en been fully made. On being asked by us, the Counsel for the applicant says that the settlement with the bank, as a result of which the applicant's liquidity has considerably improved (which is the bedrock of this application) took place in May, 2001. We would then have expected that the applicant would have deposited some further amount of the balance amount as evidence of its bona fides. This h....