2003 (3) TMI 556

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....the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. -  The above application for waiver of pre-deposit of duty of Rs. 54,80,451.87 and penalty of equal amount under the provisions of Section 11AC of the Central Excise Act, arises out of the order of the Commissioner of Central Excise who has confirmed the above demand on thrust bearing assemblies manufactured by the applicants her....

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....arings (c) winding wires used in the manufacture of power driven pumps designed primarily for handling water. The applicants also raised plea of limitation (Show cause notice is dt. 27-9-2001, on the ground that they had described the components of thrust bearing assembly individually in their classification/declaration. Lastly, they plead financial hardship based upon their Balance Sheet for the ....