CESTAT Mumbai: Production calculation not solely based on input-output ratio. Pre-deposit waived, recovery stayed.

The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant, stating that production calculation cannot be based solely on input-output ratio. As a result, the pre-deposit condition was waived, and recovery was stayed.

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The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant, stating that production calculation cannot be based solely on input-output ratio. As a result, the pre-deposit condition was waived, and recovery was stayed. (2004 (3) TMI 528 - CESTAT, Mumbai)

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