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<h1>Tribunal Waives Pre-Deposit for Cotton Yarn Exporter</h1> The Appellate Tribunal CEGAT, New Delhi granted the applicants' request for waiver of pre-deposit of duty and penalty. The Tribunal ruled in favor of the ... Stay/Dispensation of pre-deposit The Appellate Tribunal CEGAT, New Delhi heard a case where the applicants sought waiver of pre-deposit of duty and penalty. The applicants, a 100% export oriented unit manufacturing cotton yarn, were challenged by Revenue for exceeding the 50% limit on DTA sales. The Tribunal found in favor of the applicants based on relevant Exim Policy provisions, waiving the pre-deposit for appeal hearing. Case adjourned to 29-1-2003 for further arguments.
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