2015 (3) TMI 250 - AT - Central Excise

Waiver of pre-deposit of tax - excisability of spent solvent/sludge - Held that - Following decision of CCE, Chennai Vs. Tamil Nadu Petro Products Ltd. 2007 (7) TMI 460 - CESTAT, CHENNAI - After considering the duty amount and we waive the pre-deposit of duty along with interest and penalty and stay its recovery till the disposal of the appeal - Stay granted.

Summary

The Appellate Tribunal CESTAT Chennai granted waiver of pre-deposit of tax amounting to Rs. 4,03,806/- along with interest and penalty in a dispute regarding excisability of spent solvent/sludge for a 100% EOU manufacture of bulk drugs. The Tribunal relied on a previous decision and stayed the recovery of duty till the appeal is disposed of.