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of <h1>Waiver of pre-deposit granted in CESTAT case for interest deduction. Revenue appeal overturned. Stay Petition allowed.</h1> <h3>GABRIEL INDIA LTD. Versus COMMISSIONER OF CENTRAL EXCISE, CHANDIGARH</h3> GABRIEL INDIA LTD. Versus COMMISSIONER OF CENTRAL EXCISE, CHANDIGARH - 2003 (178) E.L.T. 703 (Tri. - Del.) The Appellate Tribunal CESTAT, New Delhi allowed the waiver of pre-deposit of duty in favor of the applicants in a case where the deduction claimed by the applicants on interest on receivables was held justified by the Assistant Commissioner. The order setting aside the decision was appealed by the Revenue but was overturned by the Commissioner (Appeals). The Tribunal found that the Revenue did not provide evidence to challenge the initial finding. The Stay Petition was unconditionally allowed, and the pre-deposit of duty was waived for the appeal hearing, which was adjourned to 1-12-2003 for regular proceedings.
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