High Court reduces pre-deposit to 10% of duty after relying upon new provision inserted by Finance A

Excise & Customs : Where demand alleging clandestine removal was confirmed on basis of electricity consumption and Tribunal ordered pre-deposit of 25 per cent of duty, considering financial position of assessee and substituted section 35F of Central Excise Act, 1944, pre-deposit was reduced to 10 per cent of duty