Partial waiver of pre-deposit granted, with conditional deposit and stay of recovery pending appeal.

Applicants seeking waiver of pre-deposit in an excise appeal obtained only partial relief: the tribunal waived the pre-deposit requirement in part on condition that Rs. 2 lakhs be deposited within three months. Recovery of the remaining duty and penalty was stayed during the pendency of the appeal, preserving the appellants' interim protection subject to compliance with the deposit condition.

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Issues: Whether the applicants were entitled to waiver of pre-deposit and stay of recovery pending appeal.

Outcome: The requirement of pre-deposit was waived in part on condition of depositing Rs. 2 lakhs within three months, and recovery of the balance duty and penalty was stayed during the pendency of the appeal.

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