2016 (11) TMI 315

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.... Court : The petitioner has challenged an order dated July 12, 2006 passed by the Customs, Excise Service Tax Appellate Tribunal. 2.  During the pendency of the writ petition, the petitioner has sought to make a debit entry in the ledger of sum of Rs. 7 lakhs. Learned advocate for the petitioner claims that amount of Rs. 7 lakhs should be treated as a deposit in terms of the earlier order ....

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....he Central Excise Act. 6.  The subsequent claim of deposit by way of a debit entry in a ledger, in my mind, cannot be construed as a sufficient deposit of security against an amount found due and payable by an adjudicating authority. The debit entry has been made on the basis of an assumption that the petitioner would be entitled to a credit in respect of certain goods. That credit may or ....