1998 (2) TMI 231 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi rejected a stay application for future demand, citing lack of precedent and jurisdiction to grant such a stay. The application was filed by the applicants represented by Shri N. Khaitan, Advocate, and was opposed by Shri A.K. Srivastava, SDR for the Respondent. The Tribunal noted that no orders had been passed staying future demands after the introduction of interest provisions in the relevant law. The application was rejected.