2014 (6) TMI 549

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....mar, AR, for the Respondent. ORDER This stay petition is filed for the waiver of pre-deposit of penalty of Rs. 50 lacs imposed on the appellant herein under the provisions of Rule 25 of the Central Excise Rules, 2002. 2. Heard both sides and perused the records. 3. On perusal of the records, we find and it is undisputed that the appellant herein had placed an order for yacht with one....