1995 (1) TMI 84

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....ainst the condition of pre-deposit of Rs. 7 lacs as adjudged amount of Excise duty and penalty imposed by the Customs, Central Excise and Gold (Control) Appellate Tribunal, New Delhi while disposing of the stay-waiver application filed by the petitioner in the Second Appeal filed before the aforesaid Tribunal. I have heard Sri A.P. Mathur, learned counsel for petitioner as well as, Sri H.N. Sin....

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....nd circumstances of case the condition of pre-deposit of Rs. Seven lacs appears to be harsh and unjust, if the petitioner/appellant is required to deposit in cash in view of which actual financial position but the same purpose could be achieved by permitting him to furnish a security bond and the appeal can be expeditiously disposed of so as to do justice to the appellant as well as to the Revenue....