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of <h1>CEGAT Bombay orders deposit of duty/penalty, plant confiscation pending redemption. Stay granted, production continuity ensured.</h1> <h3>INDIAN PETROCHEMICAL CORPN. LTD. Versus COLLECTOR OF CENTRAL EXCISE & CUSTOMS</h3> The Appellate Tribunal CEGAT, Bombay ordered the applicants to deposit specified amounts towards duty and penalty, with confiscation of plant and ... Stay/Predeposit of duty and penalty The Appellate Tribunal CEGAT, Bombay ordered the applicants to deposit Rs. 6,09,768/- towards duty and Rs. 25,000/- towards penalty. The plant and machinery were ordered confiscation but allowed redemption on payment of a fine of Rs. 20,000/-. The Tribunal granted stay and waiver of recovery of duty and penalty amounts, and ordered that the plant and machinery should not be disposed of and normal production should not be disturbed until the appeal is disposed of.
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