2001 (7) TMI 778 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard an application by M/s. Winsome Yarn Ltd. for waiver of pre-deposit of customs duty amounting to Rs. 4,94,023. The company's imported goods were damaged by fire while stored in a bonded warehouse, leading to a demand for duty. The Tribunal found a strong prima facie case for waiver and stayed the duty recovery pending appeal, setting the final hearing for August 9, 2001.