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of <h1>CESTAT grants waiver of duty & penalty, stays recovery during appeal process. Case adjourned for further arguments.</h1> <h3>BHARAT CARBON & RIBBON MFG. CO. LTD. Versus COMMISSIONER OF C. EX., FARIDABAD</h3> BHARAT CARBON & RIBBON MFG. CO. LTD. Versus COMMISSIONER OF C. EX., FARIDABAD - 2004 (177) E.L.T. 1064 (Tri. - Del.) 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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