2014 (1) TMI 215

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....i S. Chakraborty, A.C.(A.R.) ORDER Per Dr. D.M. Misra 1. These applications are filed seeking waiver of pre-deposit of duty of Rs.1,41,37,531/- and equal amount of penalty imposed under section 11AC read with Rule 25 of Central Excise Rules, 2002 and personal penalty of Rs.10,00,000/- on the Director Shri Subodh Agarwalla under Rule 26 of the Central Excise Rules, 2002. 2. At the outset Ld. Sr....

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....on the alleged shortages as on the date of visit of the officers is around 25 Lakhs. He has made a fair offer to deposit Rs.25,00,000/-. 3. The Ld. A.R. for the Revenue reiterated the findings of the adjudicating authority. 4. Heard both sides and perused the record. We find that this is a case of appreciation of evidence relating to the stock of goods as on 06.12.2007. Even though a joint physi....