2001 (1) TMI 270 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi considered an application for waiver of pre-deposit of duty and penalty amounting to Rs. 20,20,069/- each, arising from a case where manufacturers of bulk drugs cleared goods under a concessional rate of duty. The demand was challenged on the grounds that the withdrawal of Drugs Price Control Order, 1987 did not affect their right to the concessional rate of duty. The Tribunal found the demand prima facie barred by limitation, dispensed with the duty and penalty requirement, and stayed recovery pending appeal.