2015 (9) TMI 1317

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....ment / Order / Decisions)<br>Dated:- 28-7-2014<br>Excise Stay Applications nos. E/Stay/57408, 57647- 57649, 57651, 57668, 57818, 58673- 58674, 59497, 60270, 52567/2014 in Appeals Nos. E/56864, 57077, 57078, 57079, 57081, 57093, 57230, 58051- 58052, 58860, 59597, 52061 of 2014 - Final Order No. 53088-53099<br>Central Excise<br>Smt. Archana Wadhwa, Member (Judicial) And Hon'ble Shri Rakesh Kumar, Me....

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.... "82.1&nbsp; I confirm and order recovery of demand of Rs. 43,67,13,242.88 (Forty Three Crores Sixty Seven Lakhs Thirteen Thousand Two Hundred and Forty Two Rupees and Eighty Eight paise only) not paid during the period 14.09.90 to 31.01.95 jointly and severally on M/s.GTC Industries Ltd., Mumbai and M/s.TCL, Varanasi under Rule 9(2) of the Central Excise Rules read with the proviso to Section 11....

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....GTC Industries and M/s.TCL, Varanasi along with imposition of penalties jointly and severally. 4. The Tribunal in an identical matter of M/s. Golden Tobacco and Others vide its final order no.FO/51450-51456/2014-EX (DB) dated 6.3.2014 has held that such confirmation of demand and imposition of penalties jointly and severally are against the settled principles of law, as declared by the various ....