CESTAT grants waiver & stay in duty penalty case based on insufficient evidence

The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit and stay of recovery in a case involving duty and penalty. The denial of Modvat credit due to invoices from a non-existent firm without sufficient evidence was the basis for the decision. The appeal is scheduled for hearing on 12-12-2003.

---

---

The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit and stay of recovery in a case involving duty of Rs. 1,61,866/- and penalty of Rs. 7,500/- for the period of February and March, 1994. The denial of Modvat credit was based on invoices from a non-existent firm, M/s. Rama Steel Trader, without sufficient evidence. The appeal is scheduled for hearing on 12-12-2003.

---