2003 (3) TMI 636 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi heard an application by M/s. Sheela Foam (Pvt.) Ltd. for waiver of pre-deposit of Central Excise duty. The company sought Modvat Credit for certain inputs, but the tribunal found discrepancies in their declaration. The tribunal directed the company to deposit Rs. 1,56,368 within 4 weeks, with waiver of pre-deposit for the remaining amount during the appeal. Compliance was set for May 3, 2004.