2001 (2) TMI 449 - AT - Central Excise

Summary

The appeal was allowed to proceed. An application was made to waive a deposit of Rs. 65.41 lakhs and a penalty of Rs. 7 lakhs. Duty and penalty were imposed due to non-compliance with a notification condition. The Tribunal decided to waive the deposit and stay the recovery based on a previous decision, despite objections from the departmental representative.