Pre-deposit requirement and stay of recovery granted pending appeal in a bulk drugs duty dispute.

The dispute concerned whether Notification No. 31/88 had to be availed for bulk drugs and whether waiver of the remaining duty and penalty could be granted pending appeal. The Tribunal ordered a pre-deposit of Rs. 1.25 lakhs within one month and stayed recovery of the balance duty and penalty until further proceedings.

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Issues: Whether the applicant was required to avail of Notification No. 31/88 in relation to bulk drugs, and whether waiver of the remaining duty and penalty could be granted pending appeal.

Outcome: The Tribunal directed pre-deposit of Rs. 1.25 lakhs within one month and stayed recovery of the balance duty and penalty.

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