1987 (5) TMI 199 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Bombay rejected the application for stay of the order directing a refund of Rs. 24,761.26 to the respondent. The respondent claimed a refund of Rs. 2,60,000, of which most had already been granted. The Tribunal found the Department's apprehension about recovering the refund amount baseless, as the respondent paid Rs. 40,00,000 in Central Excise duty monthly. The application was rejected as it lacked merit.