Court Grants Waiver of 10% Pre-Deposit for Appeal in Clandestine Removal Case; Rs. 12.50 Crore Demand Stayed.

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....Seeking waiver of pre deposit - Clandestine Removal - The impugned demand is to the extent of Rs.12.50 Crores. The pre-deposit of 10% would come to Rs.1.25 crores which this Court finds would be onerous for the petitioner unit which is closed since 20th September 2006 to furnish in order to effectively avail of the remedy of appeal before learned CESTAT. - Stay granted - HC....