1998 (4) TMI 356 - AT - Central Excise

Summary

The judgment is about an application for dispensing with pre-deposit of duty demand of Rs. 2,99,242.48 related to the classification of soft ferrite components/products. The department classified the goods under 8505.00, but the applicants claimed they should be under Heading 8548.00. The tribunal directed the applicants to deposit Rs. 1,00,000 before 15-5-1998 for hearing the appeal, with the balance duty amount pre-deposit dispensed with and recovery stayed. Compliance to be reviewed on 22-5-1998.