2004 (9) TMI 471 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi heard an application for waiver of pre-deposit of duty and penalty. The application was filed for duty of Rs. 92,98,805/- and penalty of Rs. 20 lakhs. The Tribunal found a strong case in favor of the Applicants and waived the pre-deposit of duty and penalty. Recovery was stayed during the appeal process. Adjourned to 24-12-2004 for arguments.