2001 (11) TMI 474

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....lant. Shri D.K. Bhowmik, JDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. -  We have heard Shri K.K. Banerjee, learned Advocate in support of the stay petition seeking dispensation with the condition of pre-deposit of duty amount of Rs. 1,83,15,279.00 (rupees one crore eighty three lac fifteen thousand two hundred seventy nine) and equivalent amount of personal pena....

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....oduct. He also pleads that the appellant company has a poor financial condition and the same has been declared as a sick unit by BIFR and a package deal for revival of the unit is under consideration. 3. Shri D.K. Bhowmik, learned JDR appearing for the Revenue submits that Rule 57CC has an independent role and is a complete code by itself which requires the demand of 8% ad valorem duty whe....