Appellate Tribunal upholds demerger, waives duty, penalty; adjourns for further arguments.

The Appellate Tribunal CESTAT, New Delhi ruled in favor of the applicants, holding that M/s. B.K. Krafts Ltd. is a separate unit from the appellant's unit. The High Court's order for demerger was upheld, resulting in the waiver of pre-deposit of duty and penalty. The case was adjourned for additional arguments.

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The Appellate Tribunal CESTAT, New Delhi heard a case where demand was confirmed by clubbing the clearance of the appellant's unit with M/s. B.K. Krafts Ltd. The applicants argued that M/s. B.K. Krafts Ltd. is a separate unit with separate registration and the High Court ordered their demerger. Pre-deposit of duty and penalty waived, case adjourned for further arguments.

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