2002 (8) TMI 838

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.... Advocate,: for the Appellant Shri T.K. Kar, SDR,: for the Respondent JUDGEMENT G.R. Sharma : M/s. Indian Aluminium Company Limited have filed an application for waiver of predeposit of duty amounting to ₹ 50,96,778.00 (Rupees fifty lakh ninety-six thousand seven hundred seventy-eight) and an equivalent amount of penalty. It is submitted that the issue for decision in the appeal was whet....

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....fetches some value in the market. He reiterates the findings of the authorities below and prays that the applicants may be directed to deposit the duty and penalty. 3. From the submissions made from both sides, we note that the Apex Court while deciding the issue in terms of the old Tariff held that the Aluminium Dross was not excisable. On the new Tariff also, as stated by the learned Counsel, t....