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of <h1>Tribunal waives penalty deposit in seized stock case</h1> The Tribunal allowed the stay application, waiving the penalty pre-deposit of Rs. 10,000 in a case concerning seized stock claimed to be duty accounted ... Stay/Dispensation of pre-deposit The stay application was filed regarding excess stock seized from the factory premises. The appellants manufacture Die Cast Rotor/Stator, stampings, and fan cover sets. The stock seized was claimed to be duty accounted for and not in excess. The Collector (A) upheld the seizure, but the Tribunal waived the penalty pre-deposit of Rs. 10,000 during the appeal.
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