2000 (9) TMI 444 - AT - Central Excise

Summary

The Stay Petition sought unconditional stay and waiver of pre-deposit of duty and penalty imposed on M/s. Harbans Lal Malhotra & Sons Ltd. The issue was whether Coolents/lubricating oils and PTFE cooled glass cloth are entitled to Modvat credit. The Appellate Tribunal granted the stay and waived the pre-deposit of duty and penalty during the pendency of the appeal.