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of <h1>CESTAT Mumbai Waives Rs. 25 Lakh Penalty under Cenvat Credit Rules & Customs Act</h1> The Appellate Tribunal CESTAT, Mumbai waived the pre-deposit of a penalty of Rs. 25.00 lakhs imposed under Cenvat Credit Rules, 2002 and Customs Act, ... Stay/Dispensation of pre-deposit - Penalty The Appellate Tribunal CESTAT, Mumbai considered an application for waiver of pre-deposit of a penalty of Rs. 25.00 lakhs imposed under Cenvat Credit Rules, 2002 and Customs Act, 1962. The Tribunal found no established liability for penalty under the Customs Act and waived the pre-deposit, staying its recovery pending appeal.
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