Appellate Tribunal rules in favor of Appellant, waives pre-deposit pending appeal

The Appellate Tribunal CESTAT, Mumbai ruled in favor of the Appellant, waiving the pre-deposit of duty and penalty pending appeal related to an export executed against a bond by the merchant-manufacturer. Recovery of duty and penalty was stayed until the appeal's disposal, with a scheduled hearing set for 22-4-2004.

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The Appellate Tribunal CESTAT, Mumbai ruled in favor of the Appellant, waiving the pre-deposit of duty and penalty as the export was against a bond executed by the merchant-manufacturer. The recovery of the duty and penalty was stayed until the appeal was disposed of. The case was scheduled for regular hearing on 22-4-2004.

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