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<h1>Appellate Tribunal waives penalty for M/s. Jindal Texofabt Ltd.</h1> The Appellate Tribunal CESTAT, Ahmedabad ruled in favor of the appellant, M/s. Jindal Texofabt Ltd., by waiving the penalty of Rs. 5.01 lakhs as they had ... Stay/Dispensation of pre-deposit - Quantum of pre-deposit The Appellate Tribunal CESTAT, Ahmedabad found that the appellant had deposited Rs. 20 lakhs out of Rs. 25.07 lakhs. The penalty amount of Rs. 5.01 lakhs imposed on M/s. Jindal Texofabt Ltd. was dispensed with. The appeal was fixed for final disposal on 18-2-2008.
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