2004 (6) TMI 419 - AT - Customs

Summary

The Appellate Tribunal CESTAT, Mumbai heard a stay application seeking waiver of pre-deposit of Rs. 20,00,000 penalty imposed on the appellants for importing Potassium Chloride. The penalty was contested on the grounds of eligibility for exemption under Notification 11/97-Cus as "Muriate of Potash." Since no duty was demanded and only penalty imposed, the Tribunal waived the pre-deposit and stayed its recovery until the appeal's disposal. Case posted for regular hearing on 2-8-2004.