1997 (11) TMI 175 - AT - Customs

Summary

The stay application for waiver of pre-deposit of duty and penalty was considered by the Appellate Tribunal CEGAT, New Delhi. The tribunal directed the applicants to deposit the duty amount of Rs. 6,89,540/- by a specified date and dispensed with the penalty amount of Rs. 2 lakhs. Failure to comply would result in dismissal of the appeal without further notice. The financial position of the applicants was a key factor in the decision.