2011 (4) TMI 281

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....y, for the Respondent. [Order]. - P.C. : This Appeal is filed against the order of CESTAT dated 1st December, 2010 [2011 (263) E.L.T. 562 (Tribunal)] whereby the Tribunal has directed the Appellant to make pre-deposit of Rs. 24 lacs out of the total demand of Rs. 79 lacs as per the order-in-original dated 20th March, 2009. It is contended by the Counsel for the Appellant that the order-in-or....

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....hat the director of the company in his confessional statement made under Section 108 of the Customs Act, 1962 admitted that there is under valuation. It is not in dispute that the statement made under Section 108 of the Customs Act has not been retracted. In these circumstances, we see no reasons to interfere with the order of the Tribunal. The appeal is accordingly dismissed with no order as to c....