CESTAT rules in favor of appellant, stays penalty during appeal, allows final hearing

The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant in a dispute over late payment of interest. The Tribunal stayed penalty imposition during the appeal without any pre-deposit condition, allowing the appeal to proceed for final hearing.

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The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant regarding a dispute over the payment of interest being made one day late. The Tribunal stayed the penalty imposition during the appeal without any pre-deposit condition. The appeal will proceed for final hearing in due course.

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