2001 (12) TMI 512 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi had passed a stay order directing a pre-deposit of Rs. 8 lakhs, which was set aside by the High Court of Allahabad. The appellant showed financial hardship with a loss of Rs. 17 lakhs on a turnover of Rs. 41 lakhs and outstanding credit of over Rs. 41 lakhs. The Tribunal waived the pre-deposit due to undue hardship to the appellant. The appeal is scheduled for hearing on 30-1-2002.