CESTAT waives penalty pre-deposit, stays recovery, orders release of goods. Next hearing on 7-6-2005.

The Appellate Tribunal CESTAT, New Delhi, waived the pre-deposit requirement for penalty, as duty demand was paid. Penalty recovery is stayed pending appeal disposal. Revenue authorities must release detained goods. Next hearing set for 7-6-2005.

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The Appellate Tribunal CESTAT, New Delhi, heard both sides and waived the requirement for pre-deposit of penalty since the appellant had already paid the duty demand. The recovery of penalty is stayed until the appeal is disposed of. The Revenue authorities are directed to release the goods detained during the pendency of the stay application. The matter is scheduled for a hearing on 7-6-2005.

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