1998 (12) TMI 190 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard a stay application for waiver of pre-deposit of duty amounting to Rs. 7,74,630. The applicants manufactured Hot Re-rolled Product and opted for payment of duty under Rule 96ZP(3). The Commissioner rejected their request to change the duty payment rule retroactively. The Tribunal directed the applicants to deposit Rs. 2.5 lac by a specified date, considering their financial situation as an SSI unit. Non-compliance would lead to dismissal of the appeal.