2003 (7) TMI 567

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...., for the Appellant. Shri R.K. Chandan, DR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. - After hearing both sides for some time on the application for waiver of pre-deposit of duty of Rs. 39,12,986/- confirmed as a result of inclusion of quantity of shrinkage of grey fabrics in the assessable value of the processed fabrics cleared by the assessee during the period 1....

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....admitted the appeal of the assessee against the Tribunal's Order No. 3412/97-WRB, dated 20-8-97 and reported in 1997 (95) E.L.T. 664. The Supreme Court has also passed interim order directing as follows :- "Recovery of Tax on the quantum of material which is shrunk is stayed on condition that the appellant given the Security for the said amount to the satisfaction of the Excise Commissioner eve....