2012 (8) TMI 171

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.....   Per Archana Wadhwa:   Vide stay Order No. 814-839/2010-Ex. dated 1.11.2010 a few stay petitions were disposed of. In the order, the assesses, who had availed Modvat credit on the basis of modvatble invoices were directed to reverse the entire Modvat credit, the other appellants, who were registered dealers and had issued the invoices, were directed to deposit 50% of the penalty amo....

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....t extended the period to deposit the amount by another four weeks. As a result thereof the said appellant paid through Modvat credit an amount of Rs.22,50,802 vide entry dated 23.9.2011. He submits that the total duty confirmed against the said appellant was to the tune of Rs.80 lakhs approximately which they were directed to deposit. Inasmuch as the entire deposits do not stand made by them, ld. ....