2008 (7) TMI 815

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.... Appellant. Shri K. Sambi Reddy, JDR, for the Respondent. [Order per : S.L. Peeran, Member (J)]. -  The appellants are required to pre-deposit duty amount of Rs. 23,82,804/- and another amount of Rs. 12,23,146/-. Both the stay applications are taken up together for the disposal as the issue is common. The appellant is a Kerala State PSU unit. They are pleading financial hardship and ....

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.... The learned Counsel submits that the appellant is a state PSU unit and they are facing severe financial hardship. He submits that all the details were furnished to the Department and there is no suppression of facts in the matter. 4. On a careful consideration of the matter, we notice that the appellant is a state PSU unit and suffers huge loss in terms of the Balance Sheet produced ....