1996 (5) TMI 131 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ordered the appellant to deposit a sum of Rs. 6,88,176.86 for hearing the appeal on merits. The appellant had already deposited the penalty amount. The dispute arose from the appellant availing modvat credit on goods diverted to them, which was later reversed by returning the goods and paying appropriate duty. The Tribunal granted a stay against recovery and waiver against pre-deposit due to the debatable nature of the issue.