CESTAT waives pre-deposit, stays recovery on failure to maintain separate accounts.

The Appellate Tribunal CESTAT NEW DELHI waived the pre-deposit of duty, interest, and penalty amounting to Rs. 23,20,963 and stayed recovery pending appeal, despite confirming the demand due to the applicant's failure to maintain separate accounts for dutiable and exempted products.

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The Appellate Tribunal CESTAT NEW DELHI, in Citation 2013 (12) TMI 1335, heard an application for waiver of pre-deposit of duty, interest, and penalty amounting to Rs. 23,20,963. The demand was confirmed due to the applicant not maintaining separate accounts for inputs used in dutiable and exempted products. However, the Tribunal waived the pre-deposit and stayed recovery until the appeal's disposal.

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