2003 (8) TMI 418 - AT - Central Excise

Summary

The case involves an application for waiver of pre-deposit of duty and penalty arising from a dispute over entitlement to credit of differential duty paid by M/s. Mutual Mecaplast Limited. The Tribunal found that Mutual Mecaplast acted in a bona fide belief regarding the cost of moulds not being included in component value. As there was no evidence of suppression or fraud, the applicants were granted waiver of pre-deposit and stay on recovery pending appeal.