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of <h1>CEGAT New Delhi: Offer Accepted - Duty Payment, Bank Guarantee, Penalty Waiver. Compliance Deadline Set.</h1> <h3>AJAY KUMAR AGARWAL Versus COMMISSIONER OF C. EX., KANPUR</h3> The Appellate Tribunal CEGAT, New Delhi accepted the applicants' offer to pay 25% of the duty in cash and secure 25% by bank guarantee, with the remaining ... Stay/Dispensation of pre-deposit - Demand The Appellate Tribunal CEGAT, New Delhi heard a case regarding duty demand and penalty under Section 11AC. The tribunal accepted the applicants' offer to pay 25% of the duty in cash and secure 25% by bank guarantee, with the remaining amount and penalty waived upon compliance. Non-compliance would result in dismissal of the appeal. The penalty imposed on Shri Ajay Kumar Agarwal was waived. Compliance deadline was set for three months from the decision date.
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