2011 (12) TMI 443

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..... transaction has been reflected in the books of account and sales tax was also paid on the tansaction. In these circumstances, we find that the applicants have made out a strong prima facie case for waiver of pre-deposit of duty, interest and penalty. Therefore, the pre-deposit of duty, interest and penalty is waived during pendency of the appeals - Stay granted. - E/639-640/2011 - Stay Order Nos. .....

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..... n which is reflected in the books of accounts and the bank account. The contention is that as the brand name has been sold to the applicants, therefore, the benefit of Notification cannot be denied. 3. Revenue submitted that M/s. KGM Associates and M/s. KGM Exports are closely associated. On verification, it was found that the sale deed executed in the month of May, 2004 on a stamp paper and the .....

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