CEGAT Mumbai: Stay Application Granted, Penalty Pre-Deposit Waived The Appellate Tribunal CEGAT, Mumbai dismissed a miscellaneous application for early hearing as the stay application was already listed. The stay ...
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The Appellate Tribunal CEGAT, Mumbai dismissed a miscellaneous application for early hearing as the stay application was already listed. The stay application sought waiver of pre-deposit of penalty imposed on the applicants for not being entitled to Modvat credit due to incomplete invoices from M/s. IOCL. The tribunal waived the penalty pre-deposit requirement and stayed its recovery pending appeal.
The Appellate Tribunal CEGAT, Mumbai dismissed a miscellaneous application for early hearing as the stay application was already listed. The stay application sought waiver of pre-deposit of penalty imposed on the applicants for not being entitled to Modvat credit due to incomplete invoices from M/s. IOCL. The tribunal waived the penalty pre-deposit requirement and stayed its recovery pending appeal.
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