2014 (1) TMI 1334

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....i,JJ. For the Appellant : Gaurav Mahajan For the Respondent : B. K. S. Raghuvanshi, Sr. Sc,Vinod Kant ORDER We have heard learned counsel for the parties. Supplementary affidavits have been filed annexing therewith the balance sheet of the firm as on 31.3.2013 and the income tax returns of the proprietors and partners of the appellant firms for last three assessment years. On 9th....

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....ion of excise duty of Rs.3,12,26,046/- and penalty of the like amount imposed on the firms an amount of Rs.78,60,500/- was deposited during investigation in October, 2010 and that goods worth Rs.80,13,000/- have been seized. The appellants do not have financial capacity to pay redemption fine of Rs.8,50,000/- in one case and Rs.1 lac in another case in redeeming the goods. Prima facie the findings....

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....late order passed on the stay application by the Customs, Excise and Service Tax Appellate Tribunal dated 27.8.2013 by which the appellants have been asked to deposit Rs.50 lacs within 12 weeks, subject to which balance amount of pre-deposit of duty and penalty waived and recovery was to remain stayed. The duty effect is to the tune of Rs.3,12,26,046/- and thus even if we take into consideratio....