2001 (12) TMI 755 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai heard three stay applications related to valuation of electronic components imported by the appellant. Discrepancies in relied upon documents were pointed out, not conforming to the law. The Tribunal found a strong prima facie case in favor of the applicant, ordering a complete stay of recovery and waiver of pre-deposit of duties and penalties pending the appeals.