Stay granted in tax dispute for Oil India Limited, waiver of pre-deposit condition. Final hearing on 8th September.

The court granted a stay on recovery and waived the pre-deposit condition under Section 35F for M/s. Oil India Limited, a government business venture, in a dispute with the Central Excise department over a demanded duty of Rs. 16,52,61,500, with Rs. 9,05,95,530 outstanding, along with an imposed penalty. The appeal is scheduled for final hearing on 8th September 2000.

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The dispute involves the Government's wing against the Central Excise department. The duty demanded is Rs. 16,52,61,500, with Rs. 9,05,95,530 outstanding. A penalty is also imposed. M/s. Oil India Limited is a government business venture. Pre-deposit condition under Section 35F is waived, and a stay is granted on recovery. Appeal set for final hearing on 8th September, 2000.

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