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of <h1>CESTAT Stay Granted on Excise Duty for Sugar Syrup: Deposit Required</h1> CESTAT New Delhi granted a stay on excise duty proceedings for sugar syrup manufactured by a biscuit maker. The appellant must deposit assessed basic ... Waiver of Duty, Interest and Penalty - Tax on intermediate product – Sugar syrup captively consumed in the manufacture of biscuits – Held that:- Interest of justice would be met by granting stay of further proceedings on the condition that the petitioner deposits entirety of the duty component excluding the interest and penalty components – upon such submission rest of the amount to be stayed till the disposal – Partial stay granted. The appellate tribunal in CESTAT New Delhi granted a stay on further proceedings related to the excise duty on sugar syrup manufactured by a biscuit maker. The appellant must deposit the basic excise duty amount assessed, excluding interest and penalty components, by a specified date. Failure to do so will result in the dissolution of the stay, allowing the respondent to pursue recovery of the duty, interest, and penalty. Miscellaneous applications for expeditious hearing were dismissed as substantive stay applications were already resolved.
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