https://www.taxtmi.com/caselaws?id=90278 Waiver of pre-deposit and stay of recovery were granted where the appellants had already deposited most of the duty demand and only a small balance remained. The penalty on the assessee was treated as prima facie vulnerable because the credit had been taken before the relevant penalty provisions came into force. Personal penalty on the company secretary was also not justified at the interim stage, since the notice and order disclosed no specific material showing his individual involvement in the alleged contravention. Recovery of the remaining duty, penalties and redemption fine was therefore stayed pending appeal. en-us Thu, 04 Feb 1999 00:00:00 +0530 Tue, 04 Oct 2011 17:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90278 Waiver of pre-deposit and stay of recovery were granted where the appellants had already deposited most of the duty demand and only a small balance remained. The penalty on the assessee was treated as prima facie vulnerable because the credit had been taken before the relevant penalty provisions came into force. Personal penalty on the company secretary was also not justified at the interim stage, since the notice and order disclosed no specific material showing his individual involvement in the alleged contravention. Recovery of the remaining duty, penalties and redemption fine was therefore stayed pending appeal. Case-Laws Central Excise Thu, 04 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90278