2003 (10) TMI 561 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi allowed the stay application, waiving the pre-deposit of duty of Rs. 4,73,469/- and penalty of Rs. 50,000/- during the appeal process. The appellants argued that the supplier had paid the entire duty liability under the Compounded Levy Scheme, making the objection to deemed credit baseless. The Tribunal found a strong prima facie case that the demand was not sustainable on merit. The matter is scheduled for regular hearing on 27-11-2003.