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of <h1>Appellate Tribunal grants Stay Petition, waives pre-deposit for duty & penalty in appeal</h1> The Appellate Tribunal granted the Stay Petition, waiving the pre-deposit of duty and penalty imposed on M/s. Harbans Lal Malhotra & Sons Ltd. during ... Stay/Dispensation of pre-deposit - Modvat The Stay Petition sought unconditional stay and waiver of pre-deposit of duty and penalty imposed on M/s. Harbans Lal Malhotra & Sons Ltd. The issue was whether Coolents/lubricating oils and PTFE cooled glass cloth are entitled to Modvat credit. The Appellate Tribunal granted the stay and waived the pre-deposit of duty and penalty during the pendency of the appeal.
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