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of <h1>CESTAT AHMEDABAD: Waiver of Duty, Interest, Penalty Allowed. Time-barred Demand. Recovery Stayed.</h1> The Appellate Tribunal CESTAT AHMEDABAD allowed the application for waiver of pre-deposit of duty amounting to Rs.25,59,795/-, interest, and penalty. The ... Waiver of pre-deposit – Period of limitation – Held that:- Credit was availed for the year 2004 and the show cause notice was issued in 2010, i.e. after five years - the applicant, has a strong case on the ground of limitation – Waiver of pre-deposit allowed – Decided in favor of Assessee. The Appellate Tribunal CESTAT AHMEDABAD allowed the application for waiver of pre-deposit of duty amounting to Rs.25,59,795/-, interest, and penalty. The demand was considered time-barred as the show cause notice was issued after five years from when the credit was availed in 2004. Recovery of the amounts involved was stayed during the appeal.
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