By the impugned judgment, the Tribunal has reversed the finding of the Commissioner Appeals and thereby, allowed the appeals filed by the respondents assessees.
7.70 crores.
Accordingly, the respondent furnished a bank guarantee of Rs.
Thereafter, M s Ind Auto Ltd. number M s Fiat India Ltd. carried on the said business after obtaining fresh central excise registration.
38 lakhs which was subsequently renewed and later fresh bank guarantees in lieu of original were submitted by the respondents.
On such request, the Commissioner, vide letter dated 23.04.2007, directed the respondents to execute bank guarantee equivalent to 5 of the bond amount.
However, the respondents showed their inability to submit 25 bond amount as a bank guarantee and requested the Revenue authorities to reduce the same.
E/3695/02 E/302/02.
L. DATTU, J. These appeals, by special leave, are directed against the judgment and order dated 21.11.2003 passed by the Customs, Excise and Service Tax Appellate Tribunal, West Regional Bench at Mumbai hereinafter referred to as the Tribunal in Appeal Nos.
