2000 (5) TMI 75 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Court No. I, New Delhi granted a stay petition by M/s. GTC Industries Ltd., waiving pre-deposit of duty amounting to Rs. 69,22,874.48. The Tribunal accepted the plea for waiver based on BIFR order mentioning excise liability and financial hardship due to being a sick unit. Recovery of duty amount stayed till appeal disposal in Appeal No. E/855/2000-A.