2012 (10) TMI 588

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.... Per: M.V. Ravindran: These Stay Petitions are filed for waiver of pre-deposit of duty of Rs.47,15,755/-, interest thereof and equal amount of penalty on the appellant firm and penalty of Rs.12 lakhs each on both partners of the appellant firm. 2. The above said amount of duty liability and penalties have been imposed on the ground that the appellant has not discharged the Excise duty on t....

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....peals for disposal. 4. After hearing both sides for some time and on perusal of the records, we find that the issue involved in this case is regarding mis-declaration of the value of ceramics glazed tiles cleared from the factory premises. In the cases of identically placed other appellants, the Hon'ble High Court had directed them to deposit an amount of 8% of the duty. In this case, we find t....