1999 (4) TMI 231 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Mumbai in 1999 (4) TMI 231 involved a waiver application for duty deposit of Rs. 21.09 lacs. The applicant was absent during the hearing. Duty was demanded for goods classified under 7308.90 as structures of iron and steel, not under Heading 8466.00 as claimed by the assessee. The stay application was based on past classification under Heading 8466.00, but lacked evidence or financial hardship plea. The applicant was directed to deposit Rs. 12 lacs within two months, with the balance waived for duty amount and its recovery stayed.