2004 (3) TMI 567

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....L. Peeran, Member (J) (Oral)]. - The appellants were directed to pre-deposit an amount of Rs. 4.50 lakhs by Stay Order Nos. 427 & 428/2003, dated 11-11-2003 out of total duty amount of Rs. 45,71,951/-. Shri A.R. Pinheiro, MD was imposed with a personal penalty of Rs. 50,000/-. The pre-deposit direction was to cover the penalty amount also. The appellants were given 3 months time to comply with t....

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....o grant any extension of time. She submits that the appeal be dismissed with an liberty to the appellants to seek restoration as and when they comply with the terms of the stay order. 3. On a careful consideration we notice that we had taken into consideration all the factors required for giving waiver. In the stay order also it has been stated there is no strong prima facie case. It is only....