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of <h1>CESTAT grants waiver of duty & penalty, stays recovery during appeal process. Case adjourned for further arguments.</h1> The Appellate Tribunal CESTAT, New Delhi granted the application for waiver of pre-deposit of duty and penalty amounting to Rs. 92,98,805/- and Rs. 20 ... Stay/Dispensation of pre-deposit - Demand and penalty The Appellate Tribunal CESTAT, New Delhi heard an application for waiver of pre-deposit of duty and penalty. The application was filed for duty of Rs. 92,98,805/- and penalty of Rs. 20 lakhs. The Tribunal found a strong case in favor of the Applicants and waived the pre-deposit of duty and penalty. Recovery was stayed during the appeal process. Adjourned to 24-12-2004 for arguments.
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