2014 (4) TMI 874

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....petition is filed for the waiver of pre-deposit of an amount of Rs.5 lacs imposed as penalty under the provisions of Rule 26 of the Central Excise Rules, 2002 on the appellant. 2. Heard both sides and perused the records. 3. On perusal of the records, I find that the appellant herein has been penalised under Rule 26. As correctly submitted by the ld. counsel, the main noticee M/s. Banco Ltd.....