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        Tribunal orders M/s. IISCO Ltd. to deposit Rs.10 lakhs, waiver of penalty, appeal set for 18-2-2002.

        IISCO Versus COMMISSIONER OF CENTRAL EXCISE, BOLPUR

        IISCO Versus COMMISSIONER OF CENTRAL EXCISE, BOLPUR - 2002 (141) E.L.T. 94 (Tri. - Kolkata) The Appellate Tribunal CEGAT, Kolkata considered an application by M/s. IISCO Ltd. for waiver of pre-deposit of penalty amounting to Rs. 2.5 Crores imposed for clearing excisable goods without sufficient balance in PLA. The tribunal directed the appellants to deposit Rs.10 lakhs within six weeks and scheduled further proceedings for compliance and disposal of the appeal on 18-2-2002.

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