2005 (5) TMI 418

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....U.H. Jadhav, JDR, for the Respondent. [Order]. -  Heard both sides. 2. M/s. V.M.S. Exports (P) Ltd. were engaged in the manufacture of Aluminium Circles for utensils. As per Budget provision of 98-99, they were required to pay Rs. 7,500/- per month towards excise duty. Accordingly, they were paying the amount till September, 1998. Due to financial difficulties, they could not pay the....

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....en their private Saving Accounts in the Bank were attached, i.e. the Director and his wife. The Director, Shri Vinay Mohta, also has a joint account with his wife, Smt. Kavita Mohta. Thereafter, the appellants are said to have filed an appeal before the Commissioner (Appeals), which has been rejected as it was time-barred. 4. The appellants have filed stay application for waiver of pre-dep....

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....osit the aforesaid amount within a period of four months, subject to which further pre-deposit is waived and its recovery is stayed. Compliance is to be reported on 4-10-2005. 5. The Director's personal Saving Bank Account of the bank is not liable to be attached as the company is a private limited company. On enquiry, it is revealed that the amount in both the accounts is not more than Rs....