1989 (9) TMI 258 - AT - Customs

Summary

The Appellate Tribunal CEGAT, New Delhi granted a stay application, waiving the pre-deposit of a penalty of Rs. 25,000 imposed on the applicants for importing PVC leather belts. The Tribunal found in favor of the applicants, noting their good case and valid points. The stay was granted against the penalty's realization during the proceedings.