2005 (3) TMI 652

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....ant. Smt. R. Bhagya Devi, JDR, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. - These are two applications for waiver of pre-deposit of Central Excise duty of Rs. 35,55,780/- and equal amount of penalty against M/s. Surya Fine Chemicals and penalty of Rs. 35 lakhs against M/s. International Flavours & Fragrances India Ltd.  2.Shri R. Raghavan, ld. Counsel submits that Applic....

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.... Tariff Act; that immediately after pronouncement of the judgment in July, 1997 the applicants No. 1 filed declaration and started paying Central Excise duty; that subsequently the department made investigation and issued show-cause notice in January, 2001 for demanding duty for the period December, 1995 to June, 1997. Ld. Counsel submitted that the entire demand of duty is barred by limitation as....