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of <h1>Bulk Drug Supplier Directed to Deposit Rs. 1.25 Lakhs for Tax Benefit</h1> The Appellate Tribunal CEGAT, Mumbai directed the bulk drug supplier to deposit Rs. 1.25 lakhs within one month for availing Notification No. 31/88, with ... Stay/Dispensation of pre-deposit - Bulk drugs The Appellate Tribunal CEGAT, Mumbai heard a case regarding the availing of Notification No. 31/88 by a bulk drug supplier. The tribunal directed the applicant to deposit Rs. 1.25 lakhs within one month, after which the remaining duty and penalty were waived, and recovery was stayed. Compliance was to be done by 24-8-1998. (1998 (8) TMI 343 - CEGAT, MUMBAI)
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