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<h1>CESTAT grants waiver of pre-deposit for duty & penalty on increased MRP of rechargeable batteries. Stay on recovery.</h1> The Appellate Tribunal CESTAT, New Delhi granted the Applicants' request for waiver of pre-deposit of duty and penalty. The Tribunal acknowledged the ... Stay/Dispensation of pre-deposit - Valuation The Appellate Tribunal CESTAT, New Delhi heard a case where Applicants sought waiver of pre-deposit of duty and penalty. The Applicants argued they were not responsible for the increase in MRP of rechargeable batteries by their customers. The Tribunal found the Applicants had a strong case and waived the pre-deposit of duty and penalty, staying the recovery during the appeal process. Adjourned for further arguments to December 13, 2004.
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