2012 (7) TMI 86

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.... This Stay Petition is filed for waiver of pre-deposit of an amount of Rs.5,73,17,83/- confirmed as differential duty payable by the appellant on the ground that the appellant imported the goods (Crude Palm Sterin) and merits classification under different heading and is not eligible for the benefit of Notification No.21/2002-Cus, dt.1.3.2002.   2. After hearing both sides for some time ....

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....bank guarantee for this amount and go before the adjudicating authority for reconsideration of the case based upon the Board s circular.   4. We find that the fair offer made by the ld.Counsel needs to be accepted at this stage as it is an admitted fact that the product imported by them merits the classification under Chapter Heading No.3823.11, if so, appellant is liable to pay the amount....