2011 (1) TMI 586

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....urthy:   Duty demand of 52,08,73,907/- with interest has been confirmed against M/s IOCL in the impugned order and penalty of Rs.50 lakhs has also been imposed. Duty demand and penalty have arisen on the ground that there was a difference between the quantity of petroleum products cleared under bond without payment of duty through pipeline and that was shown by them in ER-1 return for manu....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....was actually no difference between the two quantities at all. He submitted detailed reconciliation statement for our perusal during hearing. Under these circumstances, the learned SDR also fairly agreed that the Stay Petition has to be allowed and pre-deposit can be waived since the matter is required to be remanded to the original adjudicating authority which was the request made by learned Couns....