1985 (4) TMI 314 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT CALCUTTA granted stay on penalty payment of Rs. 1,28,000 for Shri Shrijee Sales Corpn., Bombay, with a condition to deposit 30% in cash and furnish a bank guarantee for the balance amount. Stay order includes direction to suspend Recovery Order by the Asst. Collector of Customs and revenue not to pursue recovery proceedings during appeal. Compliance required within four weeks.