Appellate Tribunal in Mumbai Waives Penalty Deposit in PVC Films Credit Claims Appeal

The Appellate Tribunal CEGAT, Mumbai waived the penalty deposit condition for the appellant in a case involving alleged false credit claims for PVC films, allowing the appeal to proceed without the need for the pre-deposit of Rs. 1 lakh penalty.

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The Appellate Tribunal CEGAT, Mumbai considered an application for waiver of pre-deposit of Rs. 1 lakh penalty. The duty of Rs. 1,96,359/- was voluntarily deposited. The department alleged that the assessee falsely claimed credit for PVC films purchased without undergoing required processes. The tribunal found the appellant's case arguable and waived the penalty deposit condition.

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