Waiver of pre-deposit and interim stay granted in excise dispute over telephone exchanges treated as marketable commodities.

Telephone exchanges treated as marketable commodities were the subject of applications seeking waiver of pre-deposit and interim stay against demands of central excise duty and penalty. The Tribunal allowed the waiver applications and granted interim stay, so no pre-deposit was required during the pendency of the appeals.

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Issues: Whether the appellant was entitled to waiver of pre-deposit and interim stay of the demand of central excise duty and penalty in respect of telephone exchanges treated as marketable commodities.

Outcome: The applications for waiver of pre-deposit were allowed and interim stay was granted without any requirement of pre-deposit during the pendency of the appeals.

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