Waiver of Pre-deposit for Purchaser of DEPB Scrips | Applicant granted relief from interest and penalty

The Appellate Tribunal CESTAT Mumbai granted waiver of pre-deposit of interest and penalty to the applicant, a purchaser of DEPB scrips from M/s Rajat Pharmachem Ltd. The Tribunal found that the applicant had no knowledge of any fraud committed by the seller. The requirement of pre-deposit of interest and penalty was waived, and recovery stayed during the appeal.

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The Appellate Tribunal CESTAT Mumbai granted waiver of pre-deposit of interest and penalty to the applicant, a purchaser of DEPB scrips from M/s Rajat Pharmachem Ltd. The Tribunal found that the applicant had no knowledge of any fraud committed by the seller. The requirement of pre-deposit of interest and penalty was waived, and recovery stayed during the appeal.

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