2014 (4) TMI 760

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....n is filed for modification of Stay Order No.S/2189 to 2194/WZB/AHD/2012, dt.27.09.2012 passed by this Bench, directing the appellant to deposit an amount of Rs.3.5 crores and report compliance on 27.12.2012. The appellant has filed this application for modification on 24.12.2012. 2. Shri Kanti Mohan Mishra, ex-Manager (Accounts & Finance) appears before us in this modification application. It is....

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....ocuments which indicated movement of semi-finished goods without payment of duty and statement of transporters, director and employee. On a specific query from the Bench, Shri Kanti Mohan Mishra submitted that the statement given by the Director and employee are not retracted. He also submits that they are not disputing the recovery of notebook but the entries made in the note book are being dispu....

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...., which definitely if recovered, can help them to deposit an amount of Rs.3.5 crores, which is ordered to be pre-deposited. It is also to be mentioned that as against the confirmed demand of approximately Rs.19 crores and interest thereof and equal amount of penalty, we have directed them to deposit only Rs.3.5 crores, considering the facts and circumstances of this case. 7. We find that the appe....